I want to buy and import a solid state drive (SSD) from China using Ebay. The cost of the product will range from Rs. 3,000 - Rs. 5,000. Is there any import duty applicable and how much will it be? Will there be any requirements for custom clearance?
2 Replies
CA Rakesh Ishi
(Working at Private Company)
(8202 Points)
Replied 06 April 2023
Yes, there may be import duties and taxes applicable on the import of a solid-state drive (SSD) from China to India. The exact amount of customs duty will depend on the value of the product and the applicable rate of duty. The general customs duty rate for electronic products in India is 10%.
Additionally, you may need to provide certain documents for customs clearance, such as a commercial invoice, packing list, and bill of lading. It is also advisable to check if the product requires any specific certification or license to be imported into India.
jyostna suresh
(2 Points)
Replied 28 July 2023
I want to buy and import a ICERIVER KAS KS2 from China using Ebay. The cost of the product will range from Rs. 12 L. Is there any import duty applicable and how much will it be? Will there be any requirements for custom clearance?
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
