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How to Calculate the Custom Duty in India after GST?

GST (Goods and Service Tax) has changed the entire system of taxation of import-export trading in India by gripping all other indirect taxes including services tax, surcharges, state-level tax, central excise duty and introduced a single tax known as IGST (Integrated Goods and Service Tax). Before implementation of IGST, a custom duty tax were used to imposed on all the products brought into India from the outside foreign shore and exported from India to rest of the countries across the world.

There were lots of taxes and duties used to impose on imports and exports in India before GST including basic customs duty, countervailing duty (CVD), special additional duty of customs (SAD), education cess, anti-dumping duty and safeguard duty etc.

Now with the advent of Integrated Goods and Service Tax in India, it is very important for every active Indian trader to know how to calculate custom duty in India after GST to understand the overall taxation system of India in import-export trade business.

Some upgraded taxes and duties which are applicable on a majority of products traded in India after GST are basic customs duty, IGST (Integrated Goods and Services Tax), GST compensation cess, education cess, anti-dumping Duty and safeguard duty.

In order to successfully resume the import-export business in India one must understand the entire taxation system and applicable custom duty in India after GST. It is levied generally on the basis of mass, extent and dimensions of the imported and exported products in India. This custom duty tax is collected by the customs authorities of India i.e. Central Board of Excise and Customs (CBEC). It may also be imposed to defend the domestic trade from outside rivalry.

  • Seair Exim
  • 29-Aug-2017

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