Concessional rate of duty@ 12.5% + Social Welfare Surcharge @ 1.25% is applicable for gold to Indian Passport holders and persons of Indian origin if thestay abroad is for more than 6 months. Short visits up to a total of 30 days during the six months shall be ignored. In cases other ...
PART - II General Exemptions - Customs Duty/Import Duty or Import Tariff I General Exemption Notifications for Import of Goods under various Export Promotion Schemes A. General Exemption on Advance Licencing Scheme or DEEC Scheme: 1 General Exemption to Goods when Imported into India against an...
India: Customs Duty CutA customs duty of 4% and valorem had been imposed a few years ago to compensate the domestic industry for various local taxes applicable on domestic output.This has been withdrawn by the government.Asian Textile Busines...
Indian Customs - Anti Dumping Duty information with latest notification. Find the Anti Dumping Duty on various importing products from Foreign Country into India.
1. Do I need to pay custom duty on gifts to India? Gifts being sent by mail, up to the value of INR5,000 are usually exempt from customs duty. However, you’ll need to check there are no restrictions or requirements for the specific product type before you send your gift. ...
The Indian government has raised the Basic Customs Duty (BCD) on a range of imported products, including toys, footwear, houseware and home appliances, as well as a number of furniture items, precious stones, auto parts, and electronic goods.
Related to customs duty:Excise duty,Customs tariff Tariff The list of items upon which a duty is imposed when they are imported into the United States, together with the rates at which such articles are taxed. The termtariffis also used in reference to the actual custom or duty payable on...
Imposition of heavy fine in respect of the above goods if these are released Imposition of penalty for up to five times the value of goods or the duty involved Arrest and prosecution How much money (in dollars) can I carry without declaration while going to India?
All imported solar modules and solar cells are to be liable for 40% and 25% customs duty respectively from 1 April 2022 onwards.
Welcome toEximkey, India'sExport Import Policy, Procedures Customs, Excise, DGFT, RBI, Acts, Rules & Regulations Updates Documentation & Consultation. Eximkey.com is your answer to all your Export Import needs. EXIM Encyclopedia with Advance Search for your specific query ...