s3rial_kill3r
New Member
I searched through some old threads but I didn't get any precise answer. So this thread. I am planning to pick up a Denon 1712 or Harmon Kardon 1650/1700 receiver from US next week (still to decide), along with BIC America DV62si or Pioneer SP-BS22 Andrew Jones Series Bookshelf (and SP-C22 center channel) speakers. Probably might as well pick some more if my colleague agrees to chug them across customs. Might also pick up a Bic F12 Sub and ship it to India, but it is going to be too expensive @ 42 pounds (but will still try to figure this out once I reach there).
Now here is the deal. I read the customs rules and it says anything over 25,000 INR and they charge 36.03% duty on the excess amount. For example, if they assess my goods to be 10,000 more than 25,000 or 35,000 Rupees, they charge me 3603 rupees/equivalent in dollars for duty.
Import Duty Calculation - How does custom officer calculate the duty?
My question is how is the duty calculated for something that is not yet available in India. For example, these speakers will cost me only 120$ in US in Best Buy/Amazon and the receiver around 400$. Going by conversion rate of 55 Rupees a dollar, they are still well below 25,000 limit.
I am looking for answers from people who have actually crossed the customs with such goods. Please don't speculate if you haven't done it yet, as I am looking for a concrete answer here.
Now here is the deal. I read the customs rules and it says anything over 25,000 INR and they charge 36.03% duty on the excess amount. For example, if they assess my goods to be 10,000 more than 25,000 or 35,000 Rupees, they charge me 3603 rupees/equivalent in dollars for duty.
Import Duty Calculation - How does custom officer calculate the duty?
My question is how is the duty calculated for something that is not yet available in India. For example, these speakers will cost me only 120$ in US in Best Buy/Amazon and the receiver around 400$. Going by conversion rate of 55 Rupees a dollar, they are still well below 25,000 limit.
I am looking for answers from people who have actually crossed the customs with such goods. Please don't speculate if you haven't done it yet, as I am looking for a concrete answer here.