Hello Experts,
 
Recently I got my shop act license, IEC code and current account.
My business idea is to import some unique elctronic goods/ computer parts and sell it online or on ebay.
And I've some questions...
1. For selling imported goods in India, what all taxes are applicable (apart from custom duty, octroi and VAT)

it depands TAX applicable by state  Government policy of import and vat department.

2. If landed cost of product is Rs 100 and I'm selling the product at Rs 110, how much VAT I will have to pay. (Rs5.5 or Rs 0.5)

after decide ur cost + overhead expenses you will be add the profit in case of import no VAT applicable.

3. Is excise duty is appliable for selling imported goods in India.

   APPLICABLE AS PER EXCISE TARIFF , IN THIS REGARD PLEASE READ EXCISE TRAIFF

4. If I want to sell imported goods in assembled form (like assembled computer) under brand name of my company, will it be liable for excise duty, if yes what will be the %.

VAT APPLICABLE

excise duty will applicable if you import for more info read the FTP 2009-2014

5. Is there any turnover limit for excise duty, I mean, is excise duty is applicable only above certain turnover.
 

NO, FOR MORE INFO
Thanks in advance.
 
Regards,
Madhav