• Hello and Welcome to HiFiVision.com - an online community for the home entertainment and tech enthusiasts!

    If you would like to ask a question, participate in a discussion and view attachments please Register yourself.

Custom tariff & calculations!

Wharfedale Linton Heritage Speakers

svenkateshsmart

Well-Known Member
Joined
Sep 24, 2009
Messages
1,120
Points
63
Location
Chennai, TN
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!
 

Attachments

  • OPTICAL EQUIPMENTS.pdf
    81.3 KB · Views: 61
  • OPTICAL EQUIPMENT-II.pdf
    46.9 KB · Views: 34
Last edited:

sidvee

Well-Known Member
Joined
May 14, 2007
Messages
3,168
Points
113
Location
Hyderabad
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
 

svenkateshsmart

Well-Known Member
Joined
Sep 24, 2009
Messages
1,120
Points
63
Location
Chennai, TN
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!
 
Last edited:

sidvee

Well-Known Member
Joined
May 14, 2007
Messages
3,168
Points
113
Location
Hyderabad
Wow - what a convoluted and confusing method:lol: 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
 

skumar

Active Member
Joined
Apr 2, 2009
Messages
817
Points
43
Location
Hyd, India
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.
 

suri

New Member
Joined
Mar 15, 2009
Messages
2,259
Points
0
Location
kannur
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.
 

doors666

Well-Known Member
Joined
Sep 15, 2008
Messages
1,821
Points
113
Location
bangalore
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.
 

jayad08

Active Member
Joined
Jul 18, 2009
Messages
413
Points
28
Location
Delhi
how much duty for projectors..
being 10% base rate, does it come out to be 22-25%
 

jayad08

Active Member
Joined
Jul 18, 2009
Messages
413
Points
28
Location
Delhi
Last edited:

gobble

Well-Known Member
Joined
Sep 23, 2008
Messages
5,457
Points
113
Location
Bangalore
I did not see any mention of CVD here in the calculations. I am certain it applies as well .. or no?

Regards
 

sidvee

Well-Known Member
Joined
May 14, 2007
Messages
3,168
Points
113
Location
Hyderabad
Another thing that I find unacceptable from our govt. is the fact that they charge customs on the shipping charges as well:rolleyes: Isn't it an asinine practice. I mean shipping is not a physical object nor does it compete with local industry which, I assume, they are trying to protect.
Cheers
Sid
 

odyssey

New Member
Joined
Apr 4, 2008
Messages
924
Points
0
You are right, they take it as landed cost (including freight). If Freight is not mentioned, sometimes they add a percentage of the cost of the goods as freight charges

The biggest problem I have with duties, now having received so many packages through so many courier/post is that its completely unpredictable. I have had as low as 20% and as high as 40%. You already know from your experience that you cant reason with them :)

cheers
 

deba

Well-Known Member
Joined
Apr 8, 2009
Messages
1,145
Points
63
Location
Kolkata
Thanks for the post......:)....really confusing and complicated.......thats our Govt.:sad::rolleyes:
 
Last edited:

srinisundar

Well-Known Member
Joined
Sep 29, 2009
Messages
3,379
Points
113
Location
chennai
Hi Jaya, it is available still, the base rate changed from 10 to 16%..
 
Last edited:

svenkateshsmart

Well-Known Member
Joined
Sep 24, 2009
Messages
1,120
Points
63
Location
Chennai, TN
Hi Friends,

I am ready to update this thread periodically with the updated tariffs, if you all are really interested in this. As I feel some of us do not like importing stuffs and would prefer buying it from a local dealer, but there is no option if you want to buy something that is not available here, if there is a sufficient amount of support I would continue update this thread.

So, awaiting your inputs.

Cheers!
 

murali

Well-Known Member
Joined
Oct 5, 2008
Messages
501
Points
63
Location
India
Interesting information. Earlier, while in India, I had directly imported speakers and ended up paying the same cost of speakers as duties, fines etc!

Now that I am abroad, I recently bought a Pioneer Kuro 500A plasma TV (50") for around Rs 1.5 lakhs. I wonder which will be cheaper --- sending it back to my home in India through freight agency or carrying it myself during the next visit. In both cases, I will have to pay duty but if I carry it, may be I get that minus Rs 25,000.
Or, I wait till availing Transfer of Residence.
Any suggestions???
Do TVs also incur similar customs duties???

Thanks in advance.
murali
 

svenkateshsmart

Well-Known Member
Joined
Sep 24, 2009
Messages
1,120
Points
63
Location
Chennai, TN
Hi,

There are some considerations, exemptions, and discount in tariff if you stay in abroad for a particular period of time and especially when you want to take some particular items along with you.

If you check out the pdf. attached or the links given, you will get more idea. But I would recommend to carry it along with you, so that there are a lot of chances that you would end up paying lesser than actual rates. I cannot disclose certain facts here, hope you understand!

Cheers!
 

sidvee

Well-Known Member
Joined
May 14, 2007
Messages
3,168
Points
113
Location
Hyderabad
Hi Friends,

I am ready to update this thread periodically with the updated tariffs, if you all are really interested in this. As I feel some of us do not like importing stuffs and would prefer buying it from a local dealer, but there is no option if you want to buy something that is not available here, if there is a sufficient amount of support I would continue update this thread.

So, awaiting your inputs.

Cheers!

Please do so - I think it will be a source of great info.
Cheers
Sid
 
Top