How to calculate custom duty? The import duty calculation you need to do when importing into India depends on the products you’re importing, what they’re made of - and where they’re from. Check the product’s code under the Harmonised System of Nomenclature HSN as tax and IGST are bas...
Apply relevant duty rates:Next, determine the applicable duty rates. Basic Customs Duty (BCD) varies depending on the product classification (HSN code), while Integrated Goods and Services Tax (IGST) is levied on the assessable value plus BCD. Refer to the customs ta...
Can importer claim sad refund if he generate sale invoice on the date of duty payment but before ooc date (out of charge date in Bill bill of entry) Avinash Bulani:On 30 June 2015 Hi Sir, Greetings. I want list of all the documents (technical, Commercial & import related) required for...
Under self assessment scheme, importer himself declares the details of goods with rate of duty applicable based on previously cleared bill of entry. The customs department assess the value of goods and examination of goods based on production of such bill of entry previously cleared. Now, self as...