Rahul (None) (50 Points)
16 June 2010I am planning to get an iPhone 4 from UK. I have got a relative in London who will ship the iPhone as a Gift. The iPhone 4 is worth £499. I would like to know the rate of Customs Duty applicable on such item.
I searched Google to find the rates, but some places they said it was exempt, while some said a duty @ of 5% was leviable.
So what is the actual rate applicable on a mobile phone?
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 18 June 2010
MR. RAHUL,
PLEASE NOTED :-
All goods imported into India from abroad is liable to duties of Customs under Section 12 of the Customs Act and also is liable to all the restrictions under the Foreign Trade (Development & Regulations) Act 1992. However, the Government has exempted gifts received from abroad by persons residing in India from the whole of duties of Customs and from restriction under FT (D&R) Act. At present, import of goods upto the value of Rs. 5,000/- is allowed as gift, duty free. This exemption is allowed only for bonafide gifts imported by air or post. For the purpose of calculation of this value of Rs. 5,000/- the air freight or postal charges paid are not added. The clarifications that may be needed are as under:
VALUE RELATES TO WHICH COUNTRY:
Whether the value of Rs. 5,000/- means the value of the goods in India or at the country of the sender?
The value of Rs. 5,000/- is the value of the goods in the country from where the goods have been despatched. The sender may not necessarily be residing in the country from where the goods have been despatched.
CAN BE IMPORTED BY SEA :
Whether this concession is allowed for import through Land Border or by Ship?
No, the import has to be only through Air or through Post Parcel.
Who can send the gifts?
Any person abroad can send gifts. There is no specific restriction that only relatives can send the goods. Business associated, friends, relatives, companies or acquaintances can also send the gifts to residents in India.
PLEASE HIRE A CUSTOM HOUSE AGENT IN THIS CASE.
REGARDS,
RAMESH VERMA
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 18 June 2010
PLEASE ALSO READ:-
| CENTRAL BOARD OF EXCISE AND CUSTOMS |
|
Index of Customs Rules
|
|
Site is maintained under supervision of Directorate General of Systems and Data Management, New Delhi |
|
This site is best viewed with Internet Explorer 5.0 and above with 1024 X 768 pixels resolution
Rahul
(None)
(50 Points)
Replied 18 June 2010
Thanks for the info. Ramesh.
But my question went unanswered - what is the actual rate applicable on a mobile phone?
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 18 June 2010
please provide the ITC HS CODE FOR IMMEDIATE ACTION.
REGARDS,
Rahul
(None)
(50 Points)
Replied 19 June 2010
The HS code is 8517 12 90.
The Schedules to Customs Tariffs indicate that no Basic Customs Duty is chargeable on such item. However what about other other duties like CVD, SAD, NCCD, etc.
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 21 June 2010
DEAR ,
please noted :-
Basic Information Updated: 06/11/2010
| HS Code: | 85171290 |
| Article Descripttion: | Other telephones for cellular networks or for other wireless networks |
| Most-favored Nation: | 0% |
| General Tariff Rate: | 14% |
| Value-added Tax: | 17% |
| Consumption Tax: |
if you not satisfied ask, "CA CLUB INDIA " 'S EXPERTS SATISFY YOU,
REGARDS,
RAMESH VERMA
Nithin
(mobile phones)
(21 Points)
Replied 11 December 2012
am planning to get a cell phone from canada,
what will be the customs duty on that phone(35000 INR)
Rama Krishnan
(MBA)
(571 Points)
Replied 12 December 2012
CELL PHONE ATTRACT 2% DUTY ON MRP, THAT IS 1% CVD AND 1% NCCD, MRP WILL BE ASSERTAINED BASED ON THE NORMAL SALE PRICE OF SUCH MODELS IN INDIA
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
