Custom tariff & calculations!

Hi,

I have often seen a number of members inquiring about customs tariff and calculations. So, I thought of creating a thread to give a rough idea on the tariffs on the items that we typically import.

I have posted some links and attached some pdf documents containing rates for amplifiers, televisions, projectors, speakers, etc.

The below links are eletrical equipment and sound recorders and reproducers, such as amplifiers, speakers, microphones, etc.
1. http://www.cbec.gov.in/excise/cx-tariff0910/chap84.pdf
2. http://www.cbec.gov.in/excise/cx-tariff0910/chap85.pdf

Hope this helps!

Attached Files

	OPTICAL EQUIPMENTS.pdf (81.3 KB, 58 views)
	OPTICAL EQUIPMENT-II.pdf (46.9 KB, 32 views)

Thanks svenkateshsmart - useful post
accordingly - this is the duty on the below mentioned equipment.

8518 21 00 -- Single loudspeakers, mounted in their enclosures u 16%
8518 22 00 -- Multiple loudspeakers, mounted in the same u 16%
8519 89 10 --- Audio Compact disc player u 16%

I was under the impression that duty on speakers was 30%. Can any members who actually imported speakers enlighten kindly?

Cheers
Sid

hi,

There are some other taxes apart from that 16% and they are as follows and they vary according to the items:
1. Basic Customs Duty
2. Surcharge
3. Additional Duty
4. Special Additional Duty

Below is a simple exemplary calculation:

Assuming the product X has the following value and chargeable to following duties:-

(i)Value of goods under section 14 of Customs Act, 1962 = Rs.100/-
(ii)Basic Customs Duty = 35%
(iii)Surcharge = 10%
(iv)Additional Duty = 16%
(v)Special Additional Duty = 4%

The calculation of duty leviable on the goods produced or manufactured by EOUs/EPZ/STP/EHTP units and cleared into DTA as per specified paragraphs of the Exim Policy would be as follows:-

Method of calculation of duty:

On assessable value of Rs.100/-, the goods would be leviable to,-

Basic Customs Duty @ 35% = Rs.35.0/-
Surcharge @ 10% = Rs.3.5/-
Total Basic duty + Surcharge = Rs.35.0 + Rs.3.5/- = Rs.38.5/-
Value for the purpose of calculation of Additional Duty under section 3 of CTA, 1975 = Rs.100/- + Rs.38.5/-
= Rs.138.5/-
Additional Duty of Customs

= 16% of Rs.138.5/-
= Rs.22.160/-

Value for the purpose of calculation of Special Additional Duty under Section 3A of CTA, 1975 = Rs.100/- + Rs.38.5/- + Rs.22.160/-
= Rs.160.660/-

Special Additional Duty = 4% of 160.660/-
= Rs.6.426/-

Total duty payable = Rs.35.0 + 3.5 + 22.160 + 6.426/- = Rs.67.086/-

Duty required to be paid = 50% of 67.086

= Rs.33.543/-

Hope this helps!

The above calculation was an exemplary one and just for your guidance and not to be taken as a standard. Please refer the appropriate chapters for exact tarriffs and also there are some general exemptions, which you can find if you follow the above links. Also, the tarriffs and rules are periodically revised and amended by the CE, so this is just to give you a bit of insight and you can calculate plus or minus 3-5% from the exact tarriff.

Cheers!

Wow - what a convoluted and confusing method Have to hand it over to the government to come up with a calculation like this.
Anyways thanks for the informative post svenkateshsmart.
Cheers
Sid

I imported a couple of Axiom speakers (Fedex was the courier) and the overall charges (paid to Fedex) were close to 25%. I will give the breakup when I find the Fedex invoice.

hi,

i have importing loudspeakers and components thru madisound for some time now via fedex and the customs duty has always worked out to within 13 percent of invoiced value.

these are usually parts and will attract lesser duties. e.g. in cars, imported completely built units will have more taxes than imported knocked down kits that are assembled here.

how much duty for projectors..
being 10% base rate, does it come out to be 22-25%

Hi,

You would end up paying 25%-27% for projectors, 16% is the base rate + surcharge + and other additional charges.

Cheers!

any ideas on whether the rates have been revised recently? I saw the same document with the base rate as 10%.
Here is the thread reference..
http://www.hifivision.com/home-theat...rojectors.html
I think that this has been revised just recently as the link posted in this not available now..