What is the rate of Customs Duty Payable on import of a LCD TV 42" which is worth $1900 in INDIA?
Could anyone let me know what is the rate of duty i would end up paying on declaring a TV which is $1900 worth (40" LCD TV) at the Indian Customs? I have visited all the Govt sites and so please do not send me any links to those sites/ circulars / etc..Many thanks...
Public Comments
- Now-a-days FEDEX/ DHL provides direct Import Services from any W/wide location - you could perhaps get a indicative/ reasonable idea - you need to mention the Model# & geographic location to reckon mutual taxation agreements. If you get any information,pls intimate me, may be I could import a smaller LCD TV for myself.
- The cost in India has no relevance for payment of Customs duty.The cost of buying is relevant. You are entitled to free allowance of Rs 25000/- on landing into India if the TV is brought with you in your accompanied baggage. For example; if the TV has costed you in US for 1000 US Dollars the duty is as under: The cost around Rs 40000/- Free Allowance Rs 25000/-(if U dont have other goods with U) Duty will be levied on Rs 15000/- at the rate of 35 percent + cess of 3 per cent on this 35 per cent
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