Customs duty is a tax imposed on goods when they move across international borders. The amount of customs duty in India is determined by factors such as value, weight, dimensions of the item. Customs duty is a variant of Indirect tax and it applies to all imported goods and some export goods.
Indian Custom import duty aims to safeguard India’s economy, jobs, environment, residents, by regulating the movement of goods, especially prohibited goods in and out of any country. The import duty also raises revenue for India.
Indian custom import duty is charged on every item imported into India. These are divided into
Custom Duty Calculator India is used to calculate customs duty on the value of the goods. The value is written in the Customs Valuation Rule 2007. It is calculated on the value of the imported product at transaction value which is then adjusted under the provision of Rule 10.
In the event of no quantifiable or objective data regarding valuation or the valuation, conditions are unsatisfactory or there are doubts regarding the accuracy of declared value as per rule 12 using the following methods:-
India witnessed major reforms via digitalization. The e-SACHIT was launched to enable people to file their custom related documents online. Only ICEGATE registered users can use E-SACHIT link.
Paying custom duty in India has been simplified and can be completed in a few simple steps
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