Customs Duty On Importing products for personal use
This query is : Resolved
Kartik Gogoi
(Querist)
07 April 2011
Hello ,
I have two questions . I would be very thankful if you can clear my doubts .
1. I am thinking of importing a single tennis racquet from USA or China for my personal use. Is customs duty charged on import of such products for personal use ? If yes , Then how much ? Price of racquet is 200 $
2. I also want to know the customs duty charged for importing radio controlled cars . Eg, HPI SAVAGE . price around 400 $
Thank you
I have two questions . I would be very thankful if you can clear my doubts .
1. I am thinking of importing a single tennis racquet from USA or China for my personal use. Is customs duty charged on import of such products for personal use ? If yes , Then how much ? Price of racquet is 200 $
2. I also want to know the customs duty charged for importing radio controlled cars . Eg, HPI SAVAGE . price around 400 $
Thank you
RAMESH KUMAR VERMA
(Expert)
07 April 2011
IF YOU WANT TO IMPORT FOR PERSONAL USE NOT FOR BUSINESS, PARA 2.8 (III) OF HAND BOOK OF PROCEDURE VOL1 YOU HAVE NOT REQUIREED ANY iec code.
and if you provide the RITC HS CODE OF THE SAID IMPORTED ITEM PROMPT REPLY DUTY .
REGARDS,
and if you provide the RITC HS CODE OF THE SAID IMPORTED ITEM PROMPT REPLY DUTY .
REGARDS,
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Kartik Gogoi
(Querist)
07 April 2011
It is given "Exempted from obtaining IEC number " . Frnakly I have no idea what that means . I just want to know if I will be charged customs or not . Please reply in a yes or no . Thanks
RAMESH KUMAR VERMA
(Expert)
08 April 2011
IEC CODE MEANS IMPORT EXPORT CODE,IS MANDATORY FOR IMPORT EXPORT IN INDIA
AND THE ABOVE SAID CATEGORY IS EXEMPT IF YOU IMPORT FOR PERSONAL USE .
ON THE OTHER HAND YOU ELIGIBLE FOR PAID THE CUSTOM DUTY.
AND THE ABOVE SAID CATEGORY IS EXEMPT IF YOU IMPORT FOR PERSONAL USE .
ON THE OTHER HAND YOU ELIGIBLE FOR PAID THE CUSTOM DUTY.
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