Mr. Q, an Indian resident visiting London, brought the following goods while returning to India. i. personal effects values at Rs. 20,000 ii. 2 litres of liquor valued at Rs. 2,500 iii. New camera of Rs. 45,000 What is the Customs duty payable?
29 January 2011
No duty on personal effects, Taxable: Upto 2 litres of Liquor Rs.2,500 and New Camera Rs.45,000 Total Rs.47,500 Deduct Rs.25,000:General Free Allowance Available, Balance (Rs.47,500-Rs.25,000)Rs.22,500 Taxable Duty pay@35%+3% Cess = Rs.8,111.25
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