Hello Experts,
I want to know how much is the duty levied on imported cranes in India?Other than duty what are the other expenses imposed while getting a crane incountry?Please help.
xsprince (consultant) (26 Points)
23 February 2011Hello Experts,
I want to know how much is the duty levied on imported cranes in India?Other than duty what are the other expenses imposed while getting a crane incountry?Please help.
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 25 February 2011
WILL U PROVIDE ITC HS CODE NO.????
xsprince
(consultant)
(26 Points)
Replied 25 February 2011
Hello Sir, thanks for showing interest.As far as i know it comes under category Cranes Lorries.So I researched on net and the code I found is 87051000.
Though this code needs to be verified.
Thanks.
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 26 February 2011
dear xsprince ji,
please noted that :-
POLICY FREE
BCD=10%,
ACD=4%,
CESS=.64%
REGARDS,
xsprince
(consultant)
(26 Points)
Replied 26 February 2011
Sir,
Thnks for the reply.
Please provide the long forms of the abbreviations used and also provide brief expalnation of each category below.:
BCD (long form??? ) =10%,
ACD(long form??? ) =4%,
CESS(is this custom edu. cess OR Central excise edu. cess??? ) =.64%
also kindly request you to also please provide a example of the total custom duty on cranes if the CIF value is INR 100 based on above percentages.
Thanking you in advance.
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 26 February 2011
BASIC CUSTOM DUTY
ADDITIONAL CUSTOM DUTY
CUSTOM CESS
FOR MORE INFO:- READ CUSTOM TARIFF
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