Dear Experts, Can any one tell me what will be the consequences if export invoice submitted to custom lower than actual invoice send to customer. First there is mismatch in sales value but we don't pay the duty on export & remittance directly debited to bank account so please explain me what is the implication of above issue.
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Dear Sir/Madam,
I am an Indian resident travelling from Belgium to Mumbai after a short stay of 2 months. I am carrying following things with me intended to give as gifts to family and friends.
1. Jewelry valued at approx INR 58000
2. Other gifts and soveniers valued at approx INR 24000 (Articles include watches and perfumes)
Could you let me know if I need to pay customs duty on all of the above and approx how much will I need to pay?
Many Thanks
Regards,
Vikrant
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Export invoice