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LED Lights Importing to India from Outside Countries (South Korea, Vietnam)

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(Querist)
06 January 2024 What will be the taxes which I need to bear in Importing? Please let me know the type of taxes and rates of the taxes applicable?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
07 January 2024 You have to pay customs duty and IGST while importing goods. The rate will vary based on goods.
IGST paid can be claimed as ITC in case of resale.

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