Bharah (Trainee) (30 Points)
15 December 2011Hello Sir,
I would like to know that if i import Cotton Caps , hats , Purses , Socks from China (NINGBO PORT) to MADRAS PORT.
Invoice amount - 8034 USD
What will be the DUTY ill be implied to pay ? Based on What Procedure or Formula the duty will be calculated?
I have seen one system in excel where duty is calculated .. but i would like to know from you professionals.
I will be really helpful if you could tell me the procedure of calculating the duty.
Thanks!
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 15 December 2011
for quick reply provide ITC CODE .
Bharah
(Trainee)
(30 Points)
Replied 15 December 2011
One of the Categories HS code is 6116
I would like to know that in which Category the Cotton Caps and Cowboy Hats come as i am confused.
Kindly, let me know.
Regards
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 16 December 2011
you can take it in others and cutom duty is:
BCD:10%,
CVD 10%,
CEN EXCISE DU. CESS 3%,
CUSTOM EDU CESS 3%,
SAD 4%,
IF YOUR CIF VALUE IS RS. 100, CUSTOM DUTY WILL BE RS. RS. 27
AND CAN CALCULATE YOUR SELF THE DUTY FROM THE BELOW MENTIONED LINK:
https://www.cybex.in/indian-custom-duty/Duty-Calculator-61169990.aspx
Bharah
(Trainee)
(30 Points)
Replied 17 December 2011
Thank you for quick response.
I have been just a day ago to that website and it's great.
I appreciate the way you've responsed and given your time for my query.
Regards :)
CAclubindia
