Custom Import Duty – What Needs to Pay Out?

If you are in an import business, you might be aware about the fact that imported goods are libel to pay a Basic Customs Duty (BCD) and that’s on the asses sable value. Thus, the value thus finalized after adding the BCD, an additional duty or even Countervailing Duty (CVD), equal to the excise duty on the similar products is levied. Moreover, an extra CVD of 4% is charged to pay the sales tax in India. A CESS of 3% needs to pay on BCD...

Read More

All Important Information about Custom Import Duty

If you are in import business, it is extremely important for you to collect all relevant information about the India trade. Moreover, in order to keep yourself away from any sort of difficulty, you should aware about all rules and regulations. A single mistake can ruin your business as well as bring bad reputation for your business. Import duty and taxes needs to pay while importing goods into India no matter by a business body or even private...

Read More