custom duty on lcd monitors in india price
The main issue with this subject is that there are conflicting reports on different websites. Some websites are outdated, while some are providing the wrong info. Sadly, even the official website of Indian Customs doesn’t have easy-to-understand answers to these questions.
This article has an Online Calculator for Indian Customs Duty on LCD/LED TV and explains the procedures to be followed while carrying a television to India.
The guideline for Customs Officers says that the duty is 38.5% on “the assessed value”, which need not be the actual cost of the TV. The value will be assessed on arrival, based on parameters such as make, model, condition of the TV- whether new or old etc.
To help in assessment, Customs Officers have an internal database with popular TV models and their prices. This database is not published for the general public.
We have developed a calculator which you can use to get a rough estimate of the customs duty on LCD or LED TV. Since you cannot predict the assessed value, you can get an estimate by converting the cost into Indian Rupees.
The assessed value depends on the Officer’s judgement. Some Officers are strict and stick to the customs database, while some are flexible and may record a lower assessment value.
For example, you may have bought a 42″ LED TV for AED 2,500 (Rs 50,000) but the Officer may assess the value to be Rs 25,000. In this case, you have to pay only Rs 9,625 as a duty.
The Duty Receipt would show that the assessed value is Rs 25,000 and you paid 38.5% of the value. In reality, you have paid only 19% of the cost price. This is why most people feel they paid less than 20%.
The assessed value is not solely dependent on the cost price of the product. However, producing a purchase bill/invoice may help the Customs Officer in the assessment.
Note that it is not mandatory for the Officer to charge you based on the bill. He can use the Customs database and his personal judgement in assessing the value.
Here also it is not mandatory for the Officer to charge you based on the bill. He can use the customs database and his personal judgement in assessing the value.
For older and used TV sets, travellers can request depreciation. This is usually granted based on the number of years used. The assessed value will be lower for older TVs.
There are special allowances for professionals returning to India after completing a contract (You can read it here). However flat panel televisions are not included in such allowances.
The assessment and invoicing are usually done in Indian Rupees. However, you can pay in foreign currency as most currencies are accepted in all Indian airports.
However, airlines have their own policy for the maximum size that can be carried on their flights. Make sure to check the maximum baggage dimension for your flight, particularly if you are carrying 50 inches or bigger. The airline’s website should have the maximum dimension per box. Pay attention to the weight per piece also.
At the check-in counter, mention that you have a TV in baggage. Airline officials will label it as Fragile and pass it through a special conveyor belt for oversize luggage.
Yes, the new Customs Declaration Form has an additional field to declare any flat panel television you are carrying. You have to mention it there and show it to the Customs Officers and pay the duty before leaving.
We offer customized business loans for small and medium businesses in India to trade internationally and grow their Computer Monitors business. Connect2india helps you to find out import duty of Computer Monitors from various countries. It also gives information about Computer Monitors importing procedure in India, importing rules and regulations in India for importing Computer Monitors.
Connect2India additionally explains varied duties and taxes obligated on import of Computer Monitors in India. It additionally helps you with execution of import order for Computer Monitors, paying tariff and taxes for Computer Monitors, obtaining custom clearances for Computer Monitors and assist you with different procedures relating to import of Computer Monitors in India.
Most Trading partners to import Lcd Display are China, TAIWAN, Rep. of Korea, KOREA DP RP, Viet Nam . Import duty is imposed by the government when Lcd Display is imported into India from any country. This tool helps you to find out duties one have to pay while importing Lcd Display
We offer customized business loans for small and medium businesses in India to trade internationally and grow their Lcd Display business. Connect2india helps you to find out import duty of Lcd Display from various countries. It also gives information about Lcd Display importing procedure in India, importing rules and regulations in India for importing Lcd Display.
Connect2India additionally explains varied duties and taxes obligated on import of Lcd Display in India. It additionally helps you with execution of import order for Lcd Display, paying tariff and taxes for Lcd Display, obtaining custom clearances for Lcd Display and assist you with different procedures relating to import of Lcd Display in India.
The Customs or A tax charged on certain goods which are brought into a coun... for Computer Monitor to India is classified under Computer & Office(cdf categories).
Customs Import Duty of lcd display module under HS Code 8528510085285100 : Of a kind solely or principally used in an automatic data processing system of heading 8471
HS Code 85285100 was used in 898shipments. Common product terms under hs code 85285100 are lcd monitor, flat panel, computer monitor, led monitor, support purpose.
HS Code 85299090 was used in 159shipments. Common product terms under hs code 85299090 are audio visual, unit parts, radio unit, after repair, digital camera.
HS Code 84733099 was used in 85shipments. Common product terms under hs code 84733099 are computer parts, parts assy, assy cvr, 001 sps, computer accessories.
Customs Import Duty of computer monitor under HS Code 8528510085285100 : Of a kind solely or principally used in an automatic data processing system of heading 8471
HS Code 85285100 was used in 10,548shipments. Common product terms under hs code 85285100 are lcd monitor, flat panel, computer monitor, led monitor, support purpose.
HS Code 85299090 was used in 7,172shipments. Common product terms under hs code 85299090 are audio visual, unit parts, radio unit, after repair, digital camera.
HS Code 90138010 was used in 1,227shipments. Common product terms under hs code 90138010 are lcd panel, liquid crystal, crystal display, product lcd, crystal device.
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The rate of duty on LCD Tv is 31.703%.The value of Tv will be determined by the Customs after examining it. The maximium depreciation for first year is 16% of the value.
The rate of duty on LCD Tv is 31.703%.The value of Tv will be determined by the Customs after examining it. The maximium depreciation for first year is 16% of the value.
hi im bringing in a new 24" LCD Monitor HP W2408H from UAE(i currently reside here) which is used only on computer. Is there going to be customs duty on this or is it better i try to get it in india itself
If it is LCD monitor and not LCD TV than there will be no Customs duty .But other duty like central excise duty 14%,education cess 3% and Additional duty of 4% will be collected.
The rate of duty on LCD monitor for computer is same whether it is imported or manufactured in India.The deciding factor is the price in India,service after sales and availability of particular brand in INDIA.
I am an NRI living in Malaysia with family since last more than 3 years. I am buying a 40" LCD TV worth about INR 85,000. I understand goods worth Rs. 25,000 is allowed free. Do I have to pay duty on the differential amount of INR 60,000 @ 31.7% - Depreciation; when I bring this to India ? What is the ebst way to bring this TV to India with minimum or no payment of duty etc. Is TR is the best way ?
Thanks for appreciations. Duty on Baggage goods,if value is more than Rs 25,000/- then ,duty is 35%, on the differential amount. Hence, Baggage import is best option.
I am planning to get 46 " lcd tv to India from USA. I am here for almost 2 yrs and I come under residence transfer category. The TV costs 96600 (2100 $). How much duty I have to pay and how much worth goods is duty free ?
I"m on a B1 visit to US and I have a portable projector which I use frequently in presentations, now can you tell me how much duty will I have to pay when I take this projector back to india?
I am planning to buy a LCD tv worth 475Euros but the same tv costs more in India say around 4 lakhs. Which amount will be used for taxation. The bill amount or the MRP of the LCD tv in India ?.Please advice.
I"m currently satying in dubai. On my next visist to india i would like to take one Sony Bravia 37"" LCD TV. Can you please tell me what will be the duty tax i have to pay.?
hi there... i want to bring used 24"lcd westinghouse monitor of value rs.13160 bought in 2007 from canada to india. how much the duty will be if carrying with me? can i carry in original packaging for safety?
Hi, I am thinking of importing a large amount of used computers and monitors to Kolkata from the UK. Can you please advice me what import tax I would have to pay in Kolkata.
I would like to take the 32 inch LCD TV from UAE to chennai, Indai. The price of the TV is 20000 INR. Could you please tell me what will be the import customs duty charges?
My question is regarding import of an LCD monitor, Dell Ultrasharp 2209WA, which I have bought in Australia for AUD 319 (approx. Rs. 11600). I will bring it back with my as checked baggage. I"ve heard that personal electronic equipment up to Rs. 25000 is exempt from duty. As such, will I have to pay anything when I bring the monitor with me?
I wish to buy a telescope weighing 20kg from Australia, and would like to bring it back with me when I come back to India. The cost of the telescope will be 4000 AUD. How much payment will have to be made for import?
I am an NRI living in Dubai, UAE with my family since last 14 years. As I would be relocating to Mumbai for good I am planning to buy a new 46" LCD TV worth about INR 76,000. I understand goods worth Rs. 25,000 is allowed free. I plan to send this TV along with all my other household stuff to Mumbai via sea. What would be duty, taxes and other charged that I would have to pay for the LCD TV specifically.
hi ravindra. im bringing a LCD from sinpapore worth 45k. What will be the customs (do i need to consider the weight of the LCD also ?) and also incase if i bring 2 small LCD worth 12k each would both be custom free.
hi ravindra kumar..i am on a social visit to singapore . i want to purchase a lcd monitor from singapore.can u give me details of how much duty will be collected from me..
I live in USA. I would like to bring a 46 inch TV to India that costed me $1200 (approximately Rs 57,000/-). I recently saw somewhere that the customs tax has been reduced to 5% from 10% in this year"s budget for LCD monitors and TVs. Is this correct? If not what will be my custom"s duty? Is it a straight forward way of clearing customs? I couldn"t follow the calulation method for central excise duty that you have mentioned above. And the last question is that the price of the TV in india is Rs. 50000 more than what I have purchased it for, how will this affect my total customs?
I intend to carry a 32" LCD TV from Muscat to Bangalore for which I have bill worth Rial Oman 100/USD 300, I dont have any other electronic item with me. Please confirm the applicable customs duty.
This is regarding bringing my personal plasma tv 42", a hi-fi music system and an xbox game console, all together valued at AU$2500. I have these items for almost 10 months now and I am planning on returning back from Australia with these items. My question is how much customs duty or any duty would I have to pay if I want to bring these items with me or have them courier to an address in India?
Duty on TV is @ 24.421% . As far Baggage Rule is concerned, it is advisable to visit CBEC website link given in the blog . Various conditions are involved for getting Baggage import benefits.
I am living in Dubai and I want to bring SAMSUNG 32” LCD TV with me in my next trip to India. Its value in Dubai is Dirham 1600.00 equaling to INR 21200.00 as per the current currency exchange rate AED v/s INR. So, how much custom duty or any other duty would I have to pay?
If you are coming after at least 365 days during the two years immediately precedings the date of arrival ,OR, under Transfer of Residence(TR) then 15% on colour TV.
i am on short leisure trip to singapore , i am planning to bring a sharp LCD 37" its cost in RS. is 65k. please suggest what custom duty will be charged on this.
i"m a NRI since 1999 every time i have been to India for vacation is not more then 2months(Annually) my question is i"m planing to carry these things in my checked baggage,
If you are coming under TR then One desktop computer ( your all items make one computer ,if assembled together) is allowed without customs duty. Further ,there is duty free allowance of Rs 25,000/- . If your used camera is falling in this limit, then, no duty.
You may my visit website www.globaltaxguru.in which is under construction. You may test import of LCD TV in this site.The Baggage portion is yet to be tested.Till ,i refine and test my site, i will be answering through blog.
If you are exporting to Canada then there is no duty. But if you are importing into India ,then there is duty. LCD tv customs classification varies as per size.
my parents are visiting me to kl, malaysia. tha want to buy lcd 40" from here. they are staying here for 1 month . how much duty they have to pay in india
as you have mentioned valued item of INR 25000 is allowed. So that item should be invoiced in Foregin currency equivalent to INR 25000 or that item should value in india for that certain amount.
I want to carry a 40"LCD TV AED 2800/-to india from dubai in April 2010, what is customs duty chargeble on it ??? what are the documents shall i carry ??
Pl see my website (under construction) www.globaltaxguru.in. Enter Lcd tv. Merit rate of duty @ 26.85%. If you are bringing as Baggage then duty varies as per your stay,your category as passenger,etc.
I have bought a LCD/LED tv (102 cms) by paying 250 euros.The cost of the tv in india is around 250,000 Rs.Can you please let me know how much charge i have to pay as customs and excise duty.I have tried to find the answer from your previous messages but could not understand anything.
There are different rate of duty, if you are importing through baggage or through air cargo/courier.pl specify for mode of import.Further, forward me my earlier message for clarification.
I am in dubai right now. I have recently purchased xbox360 and would like to take it to India. Its a second hand purchase worth 900dhs (around 11,000rs). Will i need to pay custom? thx alot
I am planning to buy 60 inch ( 150 cm) LED 3D TV from Europe and take as baggage with me. I will be going back to India after 30 days. The cost here is 50 % less then in India. Can you please advice me what will be import duty on LED 3D, your website globaltaxguru is giving size of 25 cm. Your advice will be high apreciated.
I am planing to start a import Computer hardware products from China. Can u plz tell me the taxes/duties I"ll need to pay. Is any license is need to import the things from china?? Plz reply on vkgarg05@gmail.com asap!!!
You need IEC from DGFT .Pl see my site www.globaltaxguru.in to know duty and licence conditions.If you wish to engage me as consultant then you have to pay for the same. Alternatively, you can register your self as premium user.
You are doing a fantastic job by providing the info, i tried registering as premium user on your site (to find out how much you charge) however it gives me server exception error, is there any other way i can get in touch with you?
Currently, i have given access to some Customs officers and person who are professionally in import and export related business. I can extend same to you. But you have to send me your exact requirement like , you would like to know total duty break up and duty with relevant notifications, etc,. It is in format similar to customs requirement.
I want to bring my lcd TV (26 inch) worth around 320 euros(19500 rupees) Indian cost used around 4months from Ireland .Am i need to pay any custom duty for this.
There are different duty exemption for different category of person ,if importing goods through Baggage. After exceeding your duty free limit,you have to pay duty @ 36.05%.
I am staying in Copenhagen, Denmark and I want to take a 32" LD TV for my sister in Delhi. The price of the LCD TV is approximately INR 20000 (DKK 2499). Since, there is a free limit of 25000, therefore do I need to pay any customs duty at Delhi airport for the TV. Also, I would be carrying a laptop (which I have been carrying during my past visits and never paid any duty). Since, this time I would be also carrying the TV therefore I am little sceptical whether I can carry both of them together without paying any duty.
Also, can you please let me know whether the price of the TV will be accessed by the customs officer or the price will be considered as writen on the invoice?
I bought a Sony 40 inc LED LCD for Rs35,000/- in indian rupees. But, the same model costs 1,20,000/- in India. I tried entering all the information in your globalguru site..but, I could not get the custom duty price in rupees.
Old TV ,you cannot import through baggage ,without paying fine and penalty ,in addition to duty @ 26.85%. There is freight charge and handling issues. In Courier, the shipping cost is also added in value for duty charging.
Other option ,you bring as Baggage,you may visit my site www.globaltaxguru.in for duty calculation .In Baggage module , you have to enter value in Rs and in courier , you have to enter in foreign currency.
I am working in KL, Malaysia. And I am coming to India within 2 months after coming here. I have an Employment Pass here. I want to bring a Samsung LCD TV (46") which costs RM 4000 here (Approx INR 56,000). Could you please let me know how much duty I will have to pay @ Mumbai Airport? I am planning to get it along with me with Access Luggage.
Duty liability on LCD TV will comes once you cross duty free allowance ,and that will be 35 % + 3% cess on this duty. The duty will be charged on value after allowing duty free limit of Rs 25,000/=.
Second hand personal goods importing through Courier will attract fine and penalty, additionally you have to pay customs duty. Goods will be valued by Customs as per conditions of the same.Further delay. Best option is baggage,as far customs is concerned.
I wud like to take a 32 inch lcd Sony Bravia to Chennai shortly. Cud u pls adv duty involved.... I am an Nri and purchased this TV in Dubai at Aed1500 equivalent to something around Rs20000 max. Pls adv urgently
I am in Australia on work permit visa .I came for the first time in August 2009 and went back to India in September 2009. Then again I came in March 2010 and may be going back in September 2011. So I am here for 2 years including a vacation of six moths and eleven days. C
respt sir myself abhijit ashtikar i just want to ask you that my sister stays in dubai and now she is coming back to india on mumbai airport, she is getting an LG LED tv 42" with an home theatre which costs 3000AED(INR37000) can you please tell me that how much she needs to pay .
my ques is can I bring 3 lcd tv sony of 9000 Inr each from bangkok. the total is 27000 . I also know the duty is calculated on excess allowance. But my quantity is 3 pc. Is it possible to pay duty on Rs 2000 only ??
Three LCD Tv by one person,may not be treated as bonafide baggage but may be viewed as commercial quantity.Therefore,you may be denied duty free allowance for all but allowed for one. This is very subjective ,therefore it depends on how do you convince that they are bonafide baggage.
I live in Australia, I just want to confirm that can i send used computer including CPU and LCD to india Or in other way can i import Used computers in india ? please let me know, and Thanks in Advance
I am planning to buy a LED TV (47" - 55" size) & a home theater system (around 20-25 kg) from Dubai. It will cost around 1.50 - 1.80 lakh. I will divide it in two passengers.
I am planning to buy a LED TV (32" - 42" size) from Dubai. It will cost around 20-80 thausand INR. im still working in dubai.im retain india after 2 year. pls advise me how much amoumt allow custom.
I want to buy a LED TV from China. The cost of TV is around $450 for 55 Inch LED TV. According to Indian Currency it will be INR 22300/-. Please let me know how much tax I will need to pay?
Since January 1, 2022, foreign companies importing goods into France (from a non-EU country) must be registered for French VAT in order to be able to clear their goods for customs. A fiscal representative in France will be required for most non-EU companies. Since the VAT deferment scheme is now mandatory, no payment of import VAT will be made. Please contact us to apply for a French VAT number.
Products imported into France from a country that is not a member of the European Union are subject to customs duties and import taxes. These duties and taxes are calculated according to three specific criteria, namely the tariff classification, the customs origin and the value of the goods.
We will analyze throughout this article each assessing criterion in order to provide the reader with a better understanding of the exact method of calculation of import taxes levied on a product brought into France.
The tariff classification consists of determining the nature of the imported product (“tariff description”) and assigning it an identification customs code or a tariff subheading within the Combined Nomenclature (CN) of the European Union.
The CN is a sort of database for classifying goods under different headings and subheadings. An 8-digit nomenclature code is assigned to each subheading as well as the applicable customs duty rate. The Combined Nomenclature (CN) is a classification tool specific to the European Union, but it is based on the nomenclature of the Harmonized System (HS) of the World Customs Organization (WCO) which is applicable in almost all the countries of the world.
In the business practice, freight forwarders in France usually ask their customers to provide the exact description of the product to be cleared as well as the corresponding HS code (Harmonized System Code). The HS code is actually a 6-digit international customs code to which will be added either 2 digits to find the corresponding CN code (Combined Nomenclature Codeapplicable in all the EU countries) or 4 digits to find the TARIC code (Integrated Tariff of the European Union).
For example, the HS code for a computer screen (LCD Monitors) should be 8528 52 and its equivalent in the EU is 8528 52 91 (CN code) or 8528 52 91 00 (TARIC code). The customs duty rate applicable to this product is nil (i.e. 0%). However, if the LCD screen had a television receiver built-in, the HS code would rather be 8528 72 and its equivalent in the EU would be 8528 72 40 (CN code) or 8528 72 40 00 (TARIC code). In the latter case, the applicable customs duty rate is 14%.
We can notice that in the tariff classification, it is important to find the component that gives the product its essential character, that is to say the component which, when removed, causes the product to lose its real characteristics. Therefore, the commercial name of a product should not be a criterion to be taken into account for customs classification purposes because it can be misleading.
It is imperative that the products are properly classified in order to avoid an overestimation or an underestimation of the amount of customs duties to be paid in France. In the event of a payment lower than the actual amount of duties applicable, the customs authorities can chase the ‘Importer of record’ and request the remaining balance due with late payment penalties.
A correct tariff classification will also help to be aware of the customs regulations applicable to a specific product imported in France (prohibition, restriction, safety standards, anti-dumping duties, sanitary or phytosanitary formalities, etc.). In case a company is not completely sure of the exact subheading code under which its product should be classified, it has the possibility to apply for a Binding Tariff Information (BTI). Although the BTI procedure may last several weeks, the BTI decision offers the advantage that it binds all the EU customs administrations which cannot challenge the tariff classification (except in some rare cases) for a period of 3 years.
After the customs code corresponding to the product to bring into France has been found, the importer should also determine the origin of that product. In fact, even when the product is normally subject to the Most Favoured Nation (MFN) duty rate(i.e. the customs duty rate applicable by default to all non-EU countries), a reduced or a nil tariff rate can be applicable if there is a free trade agreement between the European Union and the country of origin. The reduction or cancellation of the duty rate is also possible when the European Union grants a unilateral trade preference to the exporting country.
From a customs perspective, the origin is the country in which a good was wholly manufactured or obtained. It is therefore critical to make a clear difference between the “customs origin” of a product and the “country of departure” of the transport, i.e. the last non-EU country from which the goods are shipped to the customs territory of the European Union.
For instance, specific goods can be manufactured in Malaysia (which is the country of customs origin) but shipped to the EU from the neighbouring country Singapore (which is in this case the “place of origin” or the last country of departure of the transport). After customs clearance upon arrival in France, the said goods will acquire the customs status of the European Union. However, this new EU customs status will not modify the intrinsic origin of the goods; we will have goods of Malaysian origin, coming from Singapore and released for free circulation in the European Union.
When the production of the goods involves more than one country or territory, the customs origin is deemed to be the country where “they underwent their last, substantial, economically-justified processing or working, in an undertaking equipped for that purpose, resulting in the manufacture of a new product or representing an important stage of manufacture.” – Article 60 (2) of the Union Customs Code (UCC).
The EU customs law makes a distinction between two types of origins, namely non-preferential origin and preferential origin.Non-preferential origin which is the customs origin applicable by default. When a good has a non-preferential origin, it means that there is no legal instrument between the European Union and the country of origin allowing the application of a reduced or nil customs duty rate. The rate of customs duty that will be used for the importation of that merchandise into France will be the MFN rate as defined by the Combined Nomenclature.
Preferential origin results from bilateral trade agreements between the European Union (EU) and non-EU countries, or from preferential measures granted unilaterally by the EU to certain third countries. These preferential arrangements enable the application of a reduced or a nil customs duty rate on goods imported into France and originating in beneficiary countries and territories.
When an importer wants to bring into France non-EU goods under a tariff preference scheme, he must normally provide evidence of the preferential origin before the customs clearance actually takes place in France.
In general terms, the proofs of origin are either a declaration of originon the invoice issued by the exporter in the third county for a consignment up to 6’000 Euros (registered exporters can make an invoice declaration for consignments beyond 6’000 Euros) or a certificate of origin signed and stamped by the customs authorities of the exporting country.
A certificate of origin known as FORM.A is used to import into France goods originating in countries benefiting from the GSP (Generalized System of Preferences) arrangements. As from January 1, 2021, FORM.A will be permanently replaced by the certification of origin issued directly on a commercial invoice by an approved exporter under the REX system (The Registered Exporter system).
The EUR.1 certificate is rather used for goods originating in third countries that do not benefit from the GSP, with the exception of cases where a cumulation of origin is applied under the Pan-Euro-Mediterranean system (use of the EUR-MED certificate).
It is worth noting that the A.TR certificate for the movement of industrial products between Turkey and the EU is not a proof of origin as such, but a certification of the Turkish or EU customs status of the goods.
Once the tariff classification of a product and its customs origin have been clearly defined, the last step is to determine the value on the basis of which any customs duties and French import VAT will be computed.
For a correct assessment of import duties and taxes, the customs declaration to be filed in France should mention the exact value of the consignment. The customs value is in principle determined on the basis of the “transaction value”, that is to say the total price of the goods actually paid or to be paid to the seller by the buyer who will import the said goods in the customs territory of the European Union.
Other ancillary charges such as cost related to packaging, transport and insurance up to the first point of entry of the goods into the European Union (non-comprehensive list) can be added to the “transaction value”. In the case of a transport by sea for example, the customs value will generally correspond to the C.I.F value (Cost, Insurance and Freight) up to the first port of entry into the EU.
Customs duties will be calculated on the basis of the C.I.F value, but not the French import VAT which is calculated on the basis of the D.D.P value (Delivered Duty Paid). Indeed, for the determination of the basis for calculating import VAT, it will be necessary to add to the customs value other domestic charges (such as the transport of goods from the port of entry into the EU to the final place of delivery in France), plus the amount of customs duties and other customs taxes except import VAT itself.
There are, however, some situations in which the “transaction value” cannot be used for the determination of the customs value. This is the case, for example, when:a foreign company brings into France its own goods either for a future sale (e.g. consignment stocks or e-Commerce inventories) or for a leasing with or without an option to purchase the same;
the buyer and the seller are legally or financially bound in such a way that their relationship influences the selling price of the goods (e.g. some transfer pricing between entities belonging to a same multinational group);
In such cases, the importer will have to use secondary methods of customs valuation in order to find the real value of the goods. Article 74 of the Union Customs Code (UCC) sets a precise order in which the alternative methods should be used, the goal being to reach to the first method of substitution under which the customs value can be determined.
The transaction value of identical or similar goods, produced in the same country, and sold for export to the EU at the same time or about the same time as the goods to be valued should be taken into account.
The “identical goods” are in all respects the same as the goods being valued (features, intrinsic quality and commercial reputation) while the “similar goods” only have close resemblance with imported goods in respect of their component materials and characteristics, allowing them to perform the same functions and to be commercially interchangeable.
The customs value is established on the basis of the unit price of the first sale in the EU, after customs clearance in France, of the greatest aggregate quantity of the imported goods or identical or similar goods. This price is acceptable only when there is no legal or financial link between the supplier and its customers. The amount of the commissions or margins usually charged, transport and insurance costs, import duties and taxes due in the European Union will be taken away from the sale price.
In this method, the customs value is obtained by performing an arithmetic operation whose result corresponds to the sum of the 3 following elements :the cost of raw materials and manufacturing operations necessary for the production of the imported goods ;
the amount of profit (minus the general expenses usually taken into account) realized by producers located in the same country from which the goods being valued are exported, who export goods of the same kind to the EU ;
the costs of loading, transport, handling associated with transport and insurance up to the first point of entry into the customs territory of the EU ;
Whenever it is not possible to determine the customs value of goods by the primary method (i.e. the transaction value) or using one of the secondary methods listed above, it shall be determined by reasonable means, based on objective and quantifiable data available in the customs territory of the Union.
The determination of the tariff classification, the customs origin and the commercial valueof a product is a fundamental step for a correct assessment of import duties and taxes levied in France.
While the trade agreements between the EU and certain third countries may lead to the application of a reduced or nil customs duty rate on goods imported into France (mainland), the Value Added Tax (VAT) still applies and a cash disbursement is necessary, except in very limited cases of exemption, suspension or reverse charge (deferment account).
The standard VAT rate for imports into France (mainland) is 20% in 2020. There is also an intermediate rate of 10% and a reduced rate of 5.5% which apply to certain products specifically targeted by the tax law.
In order to find the rate of customs duty applicable to a product you intend to import into France, you can use the simulator of the International Trade Center (ITC) which is a joint agency of the World Trade Organization (WTO) and the United Nations (UN). Please note that this tool does not indicate the French VAT rate which, except in specific cases, amounts to 20% of the DDP value of your import.
You are acting on behalf of a foreign company and you would like to reclaim French VAT paid on commercial imports in France up to December 31st, 2021, feel free to send us a message using the contact form or dial +33-261-536-544 to reach our English speaking line.
For commercial imports as from January 1st, 2022, no payment of import VAT is due in France as long as the Importer of Record has a valid French VAT identificaton number.
Go To TopThe content published here above is based on information timely as of the date of publication, unless otherwise indicated. Amendments to the tax laws in the EU country covered in this article could have been passed recently.
India will levy a 5% basic customs duty on imports of picture tubes used in making open cells - used in display screens of LED or LCD televisions – from November 12, 2020. The move will encourage foreign companies to set up display manufacturing units in India, industry insiders said.
“Customs duty of 5% has been imposed on few items for manufacture of open cell for televisions like pure cell and printed circuit board for open cell which were earlier exempt from duties,” an official said.
The move follows a 5% basic customs duty on open cell television panel imports which was imposed from October 1 this year. The exemption was offered for a limited period of one year till September 30 in anticipation that the industry would build capacity for manufacturing critical components in India and move towards value addition from mere assembling.
Television makers had argued that prices of fully built panels have risen 50% and customs duty of 5% on open cell – a major component for TVs – would lead to increase in sale prices. They had also demanded that imports of parts of open cell should be levied with duties so as to create parity.
“The imposition of duty on the parts of open cell will give the domestic manufacturers a level field with the imports and incentivize the manufacture of these parts in India,” said Bipin Sapra, partner at EY.
Sunil Vachani, chairman of Dixon Technologies that makes LED and LCD televisions, said that the government has responded to industry’s demands for a level playing field.
“It’s a welcome step, it will encourage display fab manufacturing to come to India, in turn driving investments, and ensure that no unfair advantage is given to any player,” he said.
Government has given protection to local industry with 20% customs duty on imports of fully made TVs since 2017 and certain categories of TV imports have been put in the restricted category since July this year.
Smartphones will become more expensive as a result of the competition watchdog’s two recent adverse orders against Google. Its patent Android operating system for mobile phones would mean higher costs of ensuring user safety and security, which could, in turn, be passed on to customers.
Wipro posted a 2.8% growth in net profit for the fiscal third quarter, beating estimates, but the IT services major warned that the sector was slowing down amidst a challenging macroeconomic environment.
The National Company Law Tribunal (NCLT) on Friday allowed the ownership of Jet Airways to be transferred to the Jalan Kalrock Consortium (JKC), which had won the bid to resurrect the grounded carrier in 2021.
Indian nationals, foreign nationals including those of Indian origin, transferring their residence to India or coming to India on employment, can import their personal effects and household goods into India under Transfer of Residence rules subject to the following conditions.
A. Owner of the goods must have lived / stayed abroad for a minimum period of 2 years and must be transferring his / her residence to India. Indian nationals must not have visited India for more than six months in the preceding two years.
C. Goods must be shipped out within 30 days of arrival of the owner into India. If there is a delay then goods can be cleared only if the delay is condoned by the customs authorities. Every case is decided on its merits.
A. Personal effects and house-hold goods like clothes, books, kitchenware, furniture, small appliances like mixer, juicer, iron etc. are allowed to be imported duty free if these goods are old and are used by the shipper.
Concessional customs duty rate of 15% of the value is allowed only on the first unit. If the owner has two or more similar units, or the combined value of the appliances & personal & household effects exceeds Rs. 5,00,000/= (USD 10,000) Then customs duty @ 36.06 % will be charged on the additional units or the additional value.
Import duties on alcohol, wines, spirits, etc. are very high in India (approx. 160 % + fine & penalty). Hence it is not advisable to ship wine & liquor into India. However, if it is a must to ship then please complete our Alcohol Declaration Form with details of Brand, Type of Liquor, Quantity, Alcohol Content, Purchase Price etc. It is also advisable to pack them separately and load them at the beginning of the container to enable easy retrieval for customs inspection.
Motor cars can be imported by paying customs duty @ 208% of the CIF value for both used and new cars. Motor Bikes can be imported by paying customs duty @ 85% of the CIF value for both used and new bikes. However, other rules & regulations apply, so please check with us prior to shipping.
Porno-graphic material, obscene literature, narcotics, wildlife items like ivory, horns etc and firearms, ammunition and other weapons. Should you need further information please contact us prior to shipping.
To ensure smooth clearance at customs, we suggest that all major electronic appliances be loaded in one liftvan or in the beginning of the container and their make, model no, serial number and quantity be provided to us along with the inventory.
Although Globe Moving & Storage Company has tried to make the above information as accurate as possible, Globe Moving & Storage Company accepts no responsibility for any loss, injury or inconvenience sustained by any person resulting from information given above. Globe Moving & Storage Company encourages you to verify any critical information with the relevant authorities before you book the consignment.
If you are a DIY enthusiast you can fix it yourself , with a little extra care. If not, search in nearby place in Vellore town for an experienced Mobile engineer, mainly with neat and clean environment. If possible show him the forum guide details in these links
Before ordering the piece you can chat with him, through messages. He is a highly reputed / ranked seller there. He will answer all your queries very decently. You can refer to him, my name Ramalingam, bought on 9th Feb 2015.
not more than $ 30 on the CN22 form / sticker on the parcel. And no receipts inside the parcel with actual value.The reason is bitter experience with our
You can ask your friends for an experienced service person. Or you can visit Ritchie street , and there is one Baba Electronics Bookshop, in the 1st floor, opposite to the Mosque. The person, running the shop is in the Market for more than 25 years, and he will l be helpful to identify the correct person in fixing the screen. Because he is dealing with all TV, Mobile and other Electronics Circuit book; all technicians are known to him. From them he can refer a fittest person.
The Lcd display import export trade sector contributes significantly to the overall GDP percentage of India. No wonder, the port is booming in this sector and at Seair, we better understand how to benefit you from this welcome opportunity. We comprehend the fact that the majority of import firms are active in sourcing distinct ranges of products including raw materials, machinery, and consumer goods, etc. Hence, we provide comprehensive import data solutions as well as export data solutions for broad categories of import trading firms and export trading firms too.
Our Lcd display import data and export data solutions meet your actual import and export requirements in quality, volume, seasonality, and geography. Alongside we help you get detailed information on the vital export and import fields that encompass HS codes, product description, duty, quantity, price, etc. The export import data from Seair paves the way for successful partnerships that generate profit for business from both the local and global precincts.
In order to ship your TV safely to India, it is essential that they are packaged appropriately to minimize any chances of damage. To ensure secure packaging, it is best to use the original retail box that your TV arrived in. However if you did not save the original packaging, you need to purchase a box specifically designed to accommodate televisions. Our packing experts at Universal Relocations can further assist you with finding the apt boxes and wooden craters.Here are some other important guidelines to remember while packing your tv
In case you did not save your TV’s original packaging, we can provide you with the right box along with customized wooden crating and ensure it gets transported properly. If you require further assistance with any challenges that may arise while you prepare to move, do not hesitate to contact us and communicate your issues. Our team of experts are trained to ship your TV and other electronics safely to your destination with no hassle.Transporting your TV
Once your TV is packed appropriately, you may drop it off to any one of our warehouses located in New Jersey / Maryland / California / Texas / Georgia. Once shipped to India, you may then pick it up from any one of our warehouses located in Chennai / Bangalore / Hyderabad / Mumbai / Delhi
You may also opt to have your TV picked up and delivered to your residence at an additional charge.Warehouse to Warehouse TV shipping charges from USA to India
The guidelines for customs officers reports that the duty is 38.5% on “assessed value”. The value will be assessed on arrival, based on parameters such as make, model, condition of the TV- whether new or old.
NRI/PIO who are returning to India for an extended period should consider using the transfer of residency so that they can take advantage of relaxed customs duties. Transfer of Residence is a facility provided to persons who intend to transfer their residence to India after a stay abroad of at least two years. This facility allows the imported personal and household articles, free of duty and certain other listed items, on payment of a concessional rate of duty. Those taking transfer of residence is no longer subjected to any minimum stay requirements in India.
The requirements to qualify for transfer of residency concessions: A minimum stay of two years abroad, immediately preceding the date of arrival on transfer of residency is required. Total stay in India on short visits during the 2 preceding years, should not exceed 6 months, and such persons have not availed concessions under transfer of residency in the preceding three years.
hortfall of up to two months in stay abroad can be condoned by Deputy Commissioner of Customs or Assistant Commissioner of Customs if the early return is on account of terminal leave or vacation being availed of by the passenger or any other special circumstances for reasons which will be required in writing by the customs authorities. The Principal Commissioner of Customs or Commissioner of Customs may condone short visits in excess of six months in special circumstances for reasons to be recorded in writing.
The total combined value of such goods should not exceed rupees five lakh. NRIs should also be aware that, not more than one unit, of each item of such goods is allowed, per family. Items allowed duty free under transfer of residence are:Used personal and household articles up to an aggregate value of Rupees 5 Lakh. Jewelry up to Rs. 50,000 by a gentleman passenger or Rs. 100,000 for a lady passenger. Jewelry taken out earlier by the passenger or by a member of his family from India. (Proof may be required)Video Cassette Recorder or Video Cassette Player or Video Television Receiver or Video Cassette Disk Player. Washing Machine. Electrical or Liquefied Petroleum Gas Cooking Range Personal Computer( Desktop Computer)Laptop Computer( Notebook Computer)Domestic Refrigerators of capacity up to 300 liters or its equivalent.
For the following items, a reduced customs duty of 36% is charged. It does not matter whether these items are new or old. Color Television or Monochrome Television. Digital Video Disc Player. Video Home Theater System. Dish Washer. Music System. Air Conditioner. Domestic refrigerators of capacity above 300 liters or its equivalent. Deep Freezer. Microwave Oven. Video camera or the combination of any such video camera with one or more of the following goods, namely:- television Receiver; Sound recording or reproducing apparatus; Video reproducing apparatus. Word Processing Machine. Fax Machine. Portable Photocopying Machine.Vessel.Aircraft.Cinematographic films of 35 mm and above. Gold or silver, in any form, other than ornaments.
Due to security concerns, India no longer allows passengers to carry Drones to India. Effective April 1, 2016. Indian Customs Declaration Forms have been revised and Drones are on the prohibited list and not duty free.How to calculate customs duty in india on used items
In case a person knows the rate of duty for a particular item, it’s easy to calculate the duty that will be charged. However, for used items, the value is determined by allowing depreciation on a yearly basis.
TV’s are mostly packed in the original manufacturing TV Boxes, which is highly recommended. Roll up cords, wires and remotes are to placed/packed in a clear bag/box.
As per New customs rules , You need to Pay 38.5% customs duty on TV Purchase price or Indian market value . To pay duty on purchase price you need to produce the original purchase Receipt to customs officer at the time of Inspection. TV’s Purchased on open box value or on Thanks Giving Offer – Purchase Invoices/receipts would NOT be considered. TV’s Purchased from COSCO, BEST BUY, FRYS ELECTRONICS, AMAZON, TARGET with Original Invoices – Duty would be considered on the Purchase Invoices.
Yes , If you have original TV box and opt for wooden crating from Universal Relocations, you can get all risk insurance for your TV, which will cover for Lost and Damages. Minimum Premium $ 75 for a Value of $ 3000 and Less or 2.5% on the total declared value – whichever is Higher.
Though it is Optional, but it is highly recommended for the safe shipping and to activate all risk insurance coverage for the damage/breakage cost for Wooden Crating $ 125.
No , Insurance underwriter will not provide all risk insurance for Plasma TV ,but you can take Total loss insurance which will cover only if TV is missing .
Your presence in India is mandatory and Need original passport and Power of Attorney to clear customs on your behalf but your presence in Customs/Port not required .
All new Model TV’s coming with 110 /220 volts and NTC/PAL, And it works in india without any issue , however we recommend to check with the TV Dealer or Universal Relocations Sales Rep before Buying /Shipping.TV shipping from the US to India
Shipping a TV from the USA to India? we offer door-to-door shipping services from USA to anywhere in India. Our rate includes pickup /ocean freight insurance and customs clearance process in india, Excludes Customs duty and port charges if any in india.