Pls. Solv
This query is : Resolved
29 January 2011
Pls. Solv Below The Customs sum
Mr. Q, an Indian resident visiting London, brought the following goods while
returning to India.
i. personal effects values at Rs. 20,000
ii. 2 litres of liquor valued at Rs. 2,500
iii. New camera of Rs. 45,000
What is the Customs duty payable?
Mr. Q, an Indian resident visiting London, brought the following goods while
returning to India.
i. personal effects values at Rs. 20,000
ii. 2 litres of liquor valued at Rs. 2,500
iii. New camera of Rs. 45,000
What is the Customs duty payable?
29 January 2011
No duty on personal effects,
Taxable:
Upto 2 litres of Liquor Rs.2,500 and New Camera Rs.45,000
Total Rs.47,500
Deduct Rs.25,000:General Free Allowance Available,
Balance (Rs.47,500-Rs.25,000)Rs.22,500 Taxable
Duty pay@35%+3% Cess = Rs.8,111.25
Taxable:
Upto 2 litres of Liquor Rs.2,500 and New Camera Rs.45,000
Total Rs.47,500
Deduct Rs.25,000:General Free Allowance Available,
Balance (Rs.47,500-Rs.25,000)Rs.22,500 Taxable
Duty pay@35%+3% Cess = Rs.8,111.25
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