Duration Upto 3 Days, Document Requirement Aadhar Card Customs Excise, Service Location New Delhi, GST Consultancy Needed For Business

Customs duties are levied on import of goods into india at the rates outlined in the customs tariff act, 1975. The effective rates of customs duties may vary pursuant to general either and/or specific exemption or concession notifications issued authorized by government entities in this regard. Customs duties currently comprise the following basic customs duty bcd, Current general peak rate is 15 per centcountervailing duty cvd, This duty is equivalent to central excise duty leviable on a like product manufactured in india. Current rate applicable to majority of the industrial products is 16 per cent plus 2 per cent taking the, Education cess effective rate to 16. 32 per cent. This duty is calculated on the value of product, Basic customs dutyadditional duty of customs adc, This duty is levied to countervail the sales tax, Value, Added tax, Local tax liabilities and supplementary charges charges leviable on the like goods on their sale or purchase or transportation in india. Presently, This duty is levied at 4 per cent on certain items viz items bound under the information technology it agreement and on specified inputs / raw materials for manufacture of electronic / it goods. This duty is imposed on value of product, Basic customs duty, Countervailing dutyeducation cess, This cess is levied at 2 per cent on the extent of bcd, Cvd.