U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 17 July 2011
Mohit Bhownani
(Student)
(294 Points)
Replied 17 July 2011
Originally posted by : U S Sharma | ||
![]() |
2) Mr. B, an Indian Resident, aged 60 years, returned to India after visiting Germany on 15/8/08. He had been to Germany on 5/8/08. On his way back to India he brought the following goods with him : i) His personal effects like clothes, etc. valued at60,000 - no duty ii) 1 litre of wine worth2,000 - No duty ( sch 1) iii) A video cassette recorder worth11,000 ( duty payable) iv) A microwave oven worth22,000 ( No duty sch 1) If the basic customs duty is 30%, what is the duty payable? ============================================================= no duty on personal effects total allowance is 25000/- for indian passanger returning to india ...........after stay for more than 3 days wine is also counted in 25000 so 22000+2000=24000 exempted items and cassate recorder is offered to duty under baggage rules, either duty can be exempted or can be charged, but no partial exemption i .e recorder can not get 1000 exemption of balance. |
![]() |
thanks for ur reply!!
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)