How much import duty will incur if I buy a product worth $100 from China, and imported to India? Say, if the cost of that product in India is $400, will there be separate tax on dumbing?
2007-06-13 00:20:07 · 3 answers · asked by Ullas M 2 in Business & Finance ➔ Taxes ➔ India
Depends on what you are importing. Different items have different duty rates attached to them. You could call any C&F agent and ask him and he would give you the duty structure else you buy books regarding the same.
The same thing goes for dumping. There is no tax on dumping. But anti dumping duty would mean that no matter what rate you imported the good for. The authorities would take a minimum value for that product and apply duty. For example, if there is an anti dumping duty on XYZ, and minimum value set by customs is $100. Even if you import it at $1. they would charge duty on $100.
2007-06-13 00:30:56 · answer #1 · answered by All Aces 3 · 0⤊ 0⤋
That depends upon what you're importing. Duty rates generally differ based upon the item concerned. Contact your local Customs office for full information.
2007-06-13 00:31:10 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Without the commodity and Invoice value it is vague on Duty.
2007-06-13 02:55:28 · answer #3 · answered by pratheep b 1 · 0⤊ 0⤋