I want to import the electronic products like memory cards etc from China.
1. Do I need to pay any excise or other taxes for it?
2. How can I end up not paying any duty. I heard something about ordering via DHL or ther processes?
3. Persons interested in business can contact me. Its a good venture.
1- If you want to purchase from china, you need to pay Customs Duty not excise duty. Excise duty for inland tax. The Customs Duty like this
CVD = 6% + 3% CESS
eg:- You need to pay 7% of Duty on its getting cost.
2- If you feel this is a good venture. Dont try without duty.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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