CA IN PRACTICE... ( CA ) (490 Points)
26 April 2011Q.mrs & mr kapoor visited germany & brought following goods while returning to india
1.) personal effect like cloths = Rs.35000/-
2.) personal computer = Rs.36000/-
3.) laptop computer = Rs95000/-
4.) 2 ltr of liquir =Rs1600/-
5.) new camera =Rs37400/-.
what is the amount of custom duty payebla ?
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 26 April 2011
needed
1) purpose of visit
2) duration of stay
3) whether its their 1st oversea visit or not...........
4) are the computers packed condition or in hand as personal ?
1/3/4 are not subject to customs duty if they are for personal use.
2 may invite duty if the same is in packed or bought from duty free shop
5 may be exempted if they can show it used or to be used for personal use.
Pavan Bharadwaj
(Practicing Chartered Accountant)
(353 Points)
Replied 26 April 2011
Personal effects are exempted. One laptop is also exempted. Liquor upto 2 ltrs are exempted.
Thus value of taxable goods = 36000+37400 = 73400
General free allowance = 25000
Hence Duty shall be payable on 48400 @ 36.05%
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 26 April 2011
waited for your clarification on the issue, but no reply
bring two items on two passports, better to carry pc on female passport and camera on male passport,
declare that these items are taken for personal use, and no relation to trade of commerce with such items.
hope customs will allow these in baggage without imposing duty
CAclubindia
