Import Duty Calculator of Liquid crystal devices (LCD)
| Import Duty Calculator of Liquid crystal devices (LCD) | |||
| Enter Value | |||
| Formula | Duty Rates | Duty Amount | |
| Assessable Value – (A) (CIF Value + 1% Landing Charge of CIF) |
(A) 22220.00 | ||
| Basic Duty – (B) (A) x Basic Duty Rate |
(B) 0.00 | ||
| Preferential Duty – (B) (A) x Pref. Duty Rate |
(B) 0.00 | ||
| CVD: Additional Duty – (C) (A+B) x CVD Rate |
(C) 2222.00 | ||
| Central Excise Edu Cess – (D) (C) x Central Excise Edu Cess rate |
(D) 66.66 | ||
| Customs Education Cess – (E) (B+C+D) x Customs Edu. Cess rate |
(E) 68.66 | ||
| Special CVD – Special Duty – (F) (A+B+C+D+E) x Spl. CVD rate |
(F) 983.09 | ||
| Total Custom Duty | (A+B+C+D+E+F) | 3340.41 | |
In General, if you are travelling from USA, Canada,
Australia, Europe or Middle East, you are entilted Duty Free Allowance
of Rs 250,00 (Approx $600). If the total cost of dutiable goods (which
includes electronics and jewellery - excluding one laptop) exceeds Rs.
25,000, the amount over and above 25,000 will be levied a customs duty
at 37.5%. Which means you will have to pay customs duty of around 400$ *
.375 = 150$ at the Arrival Customs Airport. Also, if the weight of the
LCD screen is higher than 50 pounds (the common weight limit in
airlines) you will have to pay extra baggage charge at the time of
departure.
Do ensure you calculate relevant bills for your electronics, or else the customs officials are at a liberty to assign whatever value they like and claim customs duty (which is usually invariably above the actual price of the products)
And yes, even if you are an NRI, there is no exemption on dutiable goods, unless you are returning for good and are able to show ample proof that you are coming back to India forever. Even in that case, you would have to transport your goods through a shipment via sea, and the procedure for that is too long and tedious and would require under the table dealings... you wouldnt want to consider that!!!
Hope this helps
Do ensure you calculate relevant bills for your electronics, or else the customs officials are at a liberty to assign whatever value they like and claim customs duty (which is usually invariably above the actual price of the products)
And yes, even if you are an NRI, there is no exemption on dutiable goods, unless you are returning for good and are able to show ample proof that you are coming back to India forever. Even in that case, you would have to transport your goods through a shipment via sea, and the procedure for that is too long and tedious and would require under the table dealings... you wouldnt want to consider that!!!
Hope this helps
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