Rate of duty on import of machine from china.
CA HARDIK (PROPRITER) (79 Points)
11 October 2016
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 11 October 2016
Rate of customs duty depends on the HSN code of the item being imported. For details refer tariff: https://cbec.gov.in/htdocs-cbec/customs/cs-tariff2015-16/cst2015-16-idx
CA HARDIK
(PROPRITER)
(79 Points)
Replied 11 October 2016
from HSN code i try it but rate is coming around 18.5%.
as per my knowledge rate of duty on machine when importing is may be around 30%.
but i want exact rate of duty.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 11 October 2016
The rate given for the respective tariff is only basic customs duty. To this, the following are added to arrive at the total customs duty value:
If any other additional type of duty is applicable, that will also be added to arrive at the total duty.
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 13 October 2016