hi.my friend is sending me an iphn 5 worth $199 from america by courier.i want to know the total custom duty on thie transaction and which documents i need to have submit?
please give ur accurate reply as soon as possible.
neha gupta (ca ) (188 Points)
29 September 2012hi.my friend is sending me an iphn 5 worth $199 from america by courier.i want to know the total custom duty on thie transaction and which documents i need to have submit?
please give ur accurate reply as soon as possible.
Rama Krishnan
(MBA)
(571 Points)
Replied 29 September 2012
I PHONE ATTRACT 2% DUTY ON MRP ( LESS ABATEMENT 35%) , THAT IS 1% NCCD AND 1% CVD.
MRP WILL BE ASSERTAINED BASED ON THE NORMAL TRADE PRICE IN INDIA FOR SAME MODEL.
EXAMPLE:- IF THE MRP IS RS.40000, THEN 2% WILL BE CHARGED ON RS 26000/- , WILL BE RS 520/-
YOU DO NOT NEED TO SUBMIT ANY DOCUMENTS TO COURIER COMPANY, THEY WILL CLEAR THE GOODS THEMSELVES AND WILL DELIVER AT YOUR PLACE, IF DESPATCHED ON( DDP) DELIVERY DUTY PAID TERMS , THEN YOU NEED NOT HAVE TO PAY ANY DUTY, IF NOT, YOU CAN CHECK THE DUTY PAYMENT CHALLANS AND PAY THE SAME TO COURIER COMPANY.
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