Is imported pen drives are taxablei

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 August 2012 SIR,

I AM AN ASST. ACCOUNTANT IN BANGALORE, MY BOSS HAS PURCHASED SOME PEN DRIVES FROM CHINA FOR A NEW FIRM. I HAVE RECEIVED SOME PAPERS LIKE LIST OF ITEMS, QTY, VALUE RATE OF DUTY, AMOUNT OF DUTY UNDER A HEADING OF
COMMISSIONER OF CUSTOMS - CHHATRAPATHI SHIVAGI INTERNATOINAL AIRPORT, SAHAR, MUMBAI ALONG WITH SOME COURER AND FRIEGHT CHARGES.
FOR THAT TODAY, SINCE I AM NEW TO THIS. HOW TO ACCOUNT IN TALLY. IS IT TAXABLE UNDER VAT OR IS IT ATTRACT ANY ENTRY TAX AND HOW TO ACCOUNT FREIGHT CHARGES

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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01 September 2012 As per Para 2.8(iii) HAND BOOK OF PROCEDURES VOL-1(2009-2014) EXPORTER IMPORTER ARE EXEMPT FROM IEC CODE IF THEY ARE IMPORTING / EXPORTING THE GOODS FOR PERSONAL PURPOSE / AGRICULTURE

duty structure mentioned the item detail and found out :

http://www.dutycalculator.com/new-import-duty-and-tax-calculation/

must read:

https://www.caclubindia.com/share_files/export-import-procedures-in-custom-in-india--41725.asp#.UEGrE6A-1tg