custom duty on lcd monitors in india free sample
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 Some websites are outdated, while some are providing the wrong info.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.
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?
Extension of Closing date of Notice Inviting applications for the post of Additional Assistant Director in various Directorates under CBIC on a deputation basis- Reg.
Notification for Departmental Examination for promotion of Tax Assistants to the Grade of Executive Assistants of Central Taxes & Customs to be held in the month of March, 2023
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Notification issued to extend the due date for furnishing FORM GSTR-1 for November 2022 for registered persons whose principal place of business is in certain districts of Tamil Nadu.
Notification for Departmental Examination for promotion of Ministerial Officers to the Grade of Inspectors of Central Taxes, Inspectors of Customs (Preventive Officers) & Inspectors of Customs (Examiners) to be held in the month of February 2023. It also contains the Schedule, Syllabus, and Instructions for Examination along with the format (in Annexure II) for requesting Question Papers. The Notification can be viewed through this link -
CBIC has issued Postal Export (Electronic Declaration and Processing) Regulations, 2022 in furtherance of ease of doing business Notification No. 103/2022-Customs (NT)|Notification No. 104/2022-Customs (NT)|Circular No. 25/2022
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CBIC issued notifications to empower the Competition Commission of India to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022Click here
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).
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The Central government may not extend the policy of zero customs duty on open-cells for LCD/LED panels used in televisions. Television makers were hopeful of a temporary extension, at least till the end of December, to see them through the festival season. Sources said the government is keen on incentivising local manufacturing.
“The current zero customs duty regime for open cells will end on September 30. The idea is to enable TV makers to become self-reliant by sourcing these components locally. Hence, we are not keen to give an extension,” said an official.
The open-cell is a critical component in the manufacture of television sets. At present, there is no local manufacturing of open cells in India. The entire component is imported from markets such as China. These raw open cells are imported and then assembled in India for use in television sets.
Currently, the zero customs duty is applicable for open cells (15.6 inches and above) used in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels.
Imposition of customs duty would lead to an immediate hike in prices of televisions. Television makers told Moneycontrol that even a three-month extension till December end would help them see festive season sales through.
“If we are forced to pay import duty from October onwards, there will be an immediate price increase by 3-5 percent for the finished goods. This would be a dampener because we are slowly seeing some revival in pent-up demand, which will be stalled if there is a price increase,” said the head of the home appliances division of an electrical goods firm.
LED TVs are one of the largest segments under the Appliance and Consumer Electronics domain, accounting for a volume of almost 15 million units, with an estimated sale value of almost Rs. 40,000 crore.
In September 2019, the Ministry of Finance had said open-cells for LCD/LED panels will not attract any customs duty. The ministry had said that it would be valid till September 30, this year, after which local manufacturing of open cells could be incentivised.
In her February 2020 budget speech, Finance Minister Nirmala Sitharaman said that it has been observed that imports under Free Trade Agreements (FTAs) are on the rise.
“Undue claims of FTA benefits have posed a threat to the domestic industry. Such imports require stringent checks. In this context, suitable provisions are being incorporated in the Customs Act. In the coming months we shall review Rules of Origin requirements, particularly for certain sensitive items, so as ensure that FTAs are aligned to the conscious direction of our policy," she had said.
The LED TV industry is also one of the biggest employers, with estimated employment of 50,000 people directly and many more indirectly through ancillary units.
Since the nationwide lockdown amidst the Coronavirus outbreak came into effect on March 25, there has been a slump in sale of appliances. From May, when a phased easing of the lockdown began, the business has seen a revival though sales are still at only 55 percent of their 2019 levels.TV makers are pinning their hopes on the festive season, which begins in September, to help restore revenue lost during the lockdown.
To calculate the amount of duty that your shipment will incur, you first need to know the rate of duty that applies to the goods within it. The rate of duty for goods depends on the type of products you are importing. The duty fee for different types of goods will depend on the HTS code assigned to them.
HTS codes (Harmonized Tariff Schedule codes) are used by the US Customs Authority and all of the other members of the WCO or World Customs Organization as part of the Harmonized Commodity Description and Coding System. HTS codes classify different types of goods and outline their duty fees.
HTS codes used for imports to the USA are ten digits long, and the codes themselves are chosen and managed by the United States International Trade Commission.
The supplier or originator of your goods may be able to supply the HTS code you need, but this is not always the case – particularly if you work with Chinese suppliers, who often provide the Chinese version of HTS codes instead.
The first six digits of HTS codes are universal – but you may need to work out for yourself the final four digits of your finished HTS code for US imports before you can calculate the duty fee payable. You can do this by searching for the type of goods you intend to import using the United States International Trade Commission’s HTS search tool.
When you have found the right HTS code for your goods, the search tool we linked to above will tell you the rate of duty payable on goods of that type. The duty fee is usually expressed as a percentage of the value of the goods themselves – but this is not the case for all types of goods.
To calculate the estimated duty fee for a shipment where the fee is determined by percentage value, simply multiply the total value of the goods by the percentage that applies to their HTS code, and then divide this figure by 100.
To calculate the estimated duty fee for a shipment where the fee is charged as a flat rate per kilogram, you just need to multiply the total weight of your goods in kilograms by the flat rate duty fee per kilogram to get your total.
If you need any help with finding the right HTS code for your shipment or with working out the duty fee you will have to pay, contact us and we’ll be happy to help.
IGST is typically 28% for personal imports, though it occasionally varies as low as 9%. A basic customs duty of 35% is applied to the Cost, Insurance, Freight (CIF) value for all personal imports, regardless of the commodity.
Integrated Goods and Services Tax (IGST) is a tax levied on the interstate supply of goods or services. The current IGST rate in India is 18% (28% for most ecommerce shipments) for goods or services being imported into India. There are reduced rates of 0%, 5%, and 12% for some goods or services.
Goods and Services Tax (GST) is an intrastate tax of 18% in India which includes State Government (SGST) and Central Government (CGST) sales tax rates of 9% each. These taxes don’t apply to the importation of goods; however, they will apply to carrier services within India.
FedEx has an advancement fee that is applied in India for the service of prepaying duties and taxes on behalf of its customer. This is considered an intrastate service; therefore, the value of the service will have the GST applied but not the IGST.
Currently, there are no free trade agreements or preferential duty rates between India and the US, though there are several in effect for a handful of other countries including Chile, Japan, Korea, and Malaysia, among others.
Import costs from China have become a vital issue for many importers. By many metrics, China is one of the largest product manufacturers in the world. Due to China’s manufacturing reputation, many importers, large and small, turn here when they need to import products for their business. As a result, it’s crucial to have an in-depth understanding of the costs of importing from China.
Yes, there are a number of taxes, duties and other fees required when importing goods from China. Most notably, importers are required to pay import taxes, or customs duties, on imported goods, just like they would when importing from any other country.
Additional costs, like Section 301 tariffs and anti-dumping/countervailing duties (AD/CVD) are owed on specific products imported from China. There are also added costs like Merchandise Processing Fees, Harbor Maintenance Fees, and other miscellaneous costs that have to be taken into account when importing.
Customs duties are owed on nearly every product imported from China to the United States. This rule applies so long as the total value of the imported goods totals $800 or more (known as the De Minimis value). If the goods that you’re importing cost less than $800, they are not subject to duty or taxes (with the exception of goods like alcohol and tobacco).
In order to figure out how to calculate import duty from China to the U.S., you need to know your product’s HTS classification. Every internationally traded item can be classified using the International Harmonized System (HS).
Once you find an item’s corresponding HS code (or HTSUS if importing from the United States), you will find the tariff rate associated with that product. That code will then be listed on the commercial invoice.
In addition to the tariff rate, an HTS code will also indicate whether or not the U.S. has a trade relationship with any country for specific product imports. According to the U.S. International Trade Commission (USITC), tariff rates are broken up into three categories:
China falls under the “General” category. That means that the United States and China do not have a trade agreement in place. No special treatment is given on imports of goods from China to the U.S.A.
In addition to normal customs duties, a country may also impose additional tariffs on products imported from foreign countries. In the case of China, the U.S. has imposed Section 301 Tariffson thousands of goods.
Section 301 was signed in 2018 as part of an ongoing trade war between the U.S. and China. The signing imposed tariffs on $550 billion worth of commodities regularly imported from China to the U.S. The tariffs are broken up into four separate lists, each covering various goods and including exclusions and tariff rates.
Our team of Licensed Customs Brokers can help you determine all of the duties, taxes, and fees you"ll be required to pay and even find you ways to lower the costs.
If a foreign country is found to be “dumping” goods into the U.S. at a far lower cost than those goods are being sold in the U.S., antidumping duties will be put in place. The USITC is the organization responsible for implementing anti-dumping duties. Anti-dumping duties are imposed by taxing the goods in question at a far greater rate than the value of those goods.
Similarly, countervailing duties are placed on certain goods for similar reasons. Countervailing duties are implemented when export subsidies make the sale of certain products non-competitive for domestic industries.
According to Customs and Border Protection (CBP), another fee you’ll have to pay when importing into the U.S. is the merchandise processing fee. The amount you pay depends on whether or not the value of your shipment totals more than $2,500 (not including duty, shipping, or insurance fees).
For example, let’s say you have two separate shipments: one valued at $500, and the other at $3,800. Assuming the $500 shipment is manual, but not processed by CBP, you’d owe a flat rate of $6.66 for your merchandise processing fee. That would bring the total cost of your shipment, plus the MPF, to $506.66.
As for the $3,800 order, you would have to multiply the $3,800 by 0.3464, equaling $1,316.32. However, because this figure exceeds the maximum allowed MPF, your fee would be $538.40. That would bring the total cost of your shipment, plus MPF, to $4,338.40.
If your goods are shipped by sea, you’ll be required to pay a Harbor Maintenance Fee. The Harbor Maintenance Fee rate is 0.125% of the value of the imported cargo. There is no minimum or maximum HMF.
Additionally, this fee is charged for goods regardless of duty-free status. Harbor maintenance fees help cover the costs of maintaining ports and harbors around the country.
Many of the taxes and fees listed above are required in order to import from China. However, there are other costs you need to consider. While not always required, freight insurance is highly recommended, especially for high-value items or any items making a cross seas voyage.
Importers must also consider the cost of shipping, storage, and potential accessorial fees owed on the goods once they arrive at port. Federal excise taxes and sales taxes are also required on certain goods. It’s worth noting that value-added taxes (VAT rates) are not charged on imports from China to the U.S.
No matter what you’re planning to import, it’s important to keep in mind all of the potential costs that you may be responsible for before you make your purchase. Below, we’ll list some options available to help reduce import costs.
Do you need an import compliance manual for your business? Make sure that all of your bases are covered in the event of an inspection by CBP, especially if importing goods from a country impacted by an import ban like China. Read more about import compliance manuals and get help determining if it"s the right move for you.
There are multiple ways to reduce import costs when shipping from China. Ultimately though, the process comes down to getting professional advice and being able to do your own research. Some of the best ways to reduce import costs include:
A customs broker licensed by CBP can be an incredible asset when importing goods from China. Ways that a customs broker can help reduce import costs include:
Customs brokers are there to work for you and address all of your importing needs. Hiring a licensed professional is one of the most surefire ways to ensure that the proper procedures are being followed and to avoid or reduce any potential importing costs.
Our team of Licensed Customs Brokers can help you determine all of the duties, taxes, and fees you"ll be required to pay and even find you ways to lower the costs.
When looking to reduce import costs from China, one of the first steps you should take is to shop around for a supplier offering competitive rates. There are countless manufacturers competing for your business. If you don’t find a price or quality of product that meets your needs, simply shop around and screen suppliers until you do.
Some Resellers Advertise Themselves as Manufacturers:While this may not be an issue for many goods, it could create major issues for products that need to be custom-made or require detailed technical specifications.
If a Price is Too Good to be True, It Probably is:While it’s understandable that you would want to find the lowest prices you can, a price that is too low likely signals that the quality of the item is lacking. Shop around for a competitive rate, but be aware that you might get what you pay for.
Be Aware of Minimum Order Quantities (MOQs):Depending on the size of your business, the amount of product that you need to import may not always match up with a seller’s requirements. You may find a supplier that offers competitive rates, but they might require a large MOQ.
If the amount of product that you would have to order exceeds the benefit that you’d get from ordering from a cheaper supplier, it likely won’t be worth it. Shop around until you can find a supplier that meets your needs for both cost and order quantity.
Are any of the goods you import from China manufactured in or sourced from the Xinjiang region? Any goods or materials produced in the region are prohibited from entry into the U.S. Read our article on the Xinjiang import ban to find out more and avoid having your shipment fined and detained.
Another way to reduce import costs from China is to negotiate for Incoterms ® that meet your importing needs. Incoterms ® are mutually agreed-upon conditions between a seller and buyer.
There are 11 different Incoterms ® that can be negotiated. The most buyer-friendly option is Delivered Duty Paid (DDP). In a DDP agreement, the seller is responsible for all costs associated with the shipment, including transportation, insurance and even customs duties.
On the other hand, the most seller-friendly option is Ex Works (EXW). Under EXW, the buyer is responsible for all costs and risks associated with the shipment.
Many small businesses and importers shipping small orders choose EXW when importing. Oftentimes, it’s difficult to get a seller to agree to Incoterms ® that don’t directly benefit them. Instead, a buyer will choose to work with an experienced and reliable customs broker or freight forwarder. When working with a partner that strives to find the best prices and solutions to meet your needs, you can reduce import costs at every turn.
Remember, Incoterms ® are a negotiation. Both parties obviously want the terms that best suit their needs. As the importer, however, you’re unlikely to make that happen without compromising in other areas.
As a result, the most common Incoterms ® are Free on Board (FOB). Under FOB, the buyer and seller split costs 50/50. The seller assumes costs and risks up to the point that the goods are loaded onto the ship for departure. The buyer takes over from there, taking responsibility for the goods while on the ship or once they arrive at their destination.
Finding Incoterms ® that work for you is one of the best ways to reduce import costs from China. If you’d like to learn more, the International Chamber of Commerce (ICC) has a full list of incoterms ® available.
Whether you or your supplier handle the packing and logistics involved in shipping your goods, it’s important to keep in mind how the proper packaging can reduce costs.
In all likelihood, your products will be loaded onto a massive cargo ship with thousands of containers making their journey from China to the U.S. For those shipments, the name of the game is fitting as much cargo into a container - and as many containers onto a ship - as possible.
As a result, freight charges are often calculated based on the weight and volume that the cargo takes up. By consolidating your goods and packing them in an effort to fit more goods into fewer shipments, you can reduce import costs.
Our team of Licensed Customs Brokers can help you determine all of the duties, taxes, and fees you"ll be required to pay and even find you ways to lower the costs.
The short answer is: No, you can’t. When products are imported into the United States, there are always going to be taxes and fees that need to be paid. The closest option available to avoiding import costs would be to negotiate DDP Incoterms ® with your supplier. In that case, the supplier would be responsible for all transportation, insurance and customs duty costs.
However, it’s unlikely that you’ll be able to get a seller to agree to those terms. Even if you are able to obtain these terms, you’ll likely experience increased costs elsewhere.
When looking to reduce import costs from China, it’s crucial to do your research and calculate all costs you’ll be responsible for before you make your purchase. The main costs you’ll need to consider when making your calculations are:
Cost of Goods: Obviously, this will vary depending on the commodities you plan to import, the quantity you plan to import, and the supplier you choose to buy from.
Duties and Tariffs: To calculate the duty owed on imports from China to the U.S., the first thing you need to do is find your product’s HTS code. You can do this by using an HTS code lookup tool to find your product and its corresponding tariff rate. Additionally, check to see whether your product is subject to any AD/CVD or falls under Section 301 tariffs.
Transportation and Shipping: These costs will vary depending on the mode of transportation you use to ship your products (ocean, air, etc.), the port that your goods are departing from/arriving to, and the shipping company you choose.
Other Fees: This includes costs like the merchandise processing fees and harbor maintenance fees (discussed and calculated above), as well as insurance, document fees, accessorial charges, and more.
The total cost for each of these expenses will always depend on you and your business needs. Once you determine the cost of each of these factors, you can add them together to calculate your total import costs.
New entrepreneurs and established import/export businesses, alike, turn to China when looking to import products into the United States. China is one of the top global options for product sourcing due to its quick turnaround time, high output and low cost of products.
In fact, according to the Office of the United States Trade Representative (USTR), China was the largest supplier of goods imported into the United States in 2020. Altogether, China totaled $434.7 billion and accounted for 18.6% of U.S. imports. The most imported products include:
China is also the U.S.’s seventh-largest supplier of agriculture products, totaling $3.8 billion in 2020. The most imported agricultural imports include:
Whether you’re an experienced importer or a new entrepreneur, navigating the world of customs clearance and global imports can be complicated and confusing. At USA Customs Clearance, we have the experience and know-how to help you buy and sell products internationally, and reduce costs while doing so.
Our Licensed Customs Brokers can guide you through every step of the import process. They can also help you register to become an Importer of Record. If you need to secure a customs bond, we can help with that too. You can even purchase a new importer bundle, which includes each of these options and more! Speak with one of our experts and get started importing today.
Our team of Licensed Customs Brokers can help you determine all of the duties, taxes, and fees you"ll be required to pay and even find you ways to lower the costs.
After the exploration of information technology, the world is on our finger tips to get any piece of information. However when I went through different subjects on the web, I realized, like every thing in society, internet also carries the good and the bad. I was surprised to note that, I could not find any good quality free tutorial program to enter in a good business especially in
1. A country’s international financial strengthness determines on the basis of favorable balance of trade. It happens when export is more than import. Foreign exchange earnings will be more in a favorable balance of trade. So the wealth of a nation increases while earning foreign exchange.
Choosing a product plays very important role before starting any business especially for export business. I will give some tips to choose your export pro
Some of you may need a support on procedures to send export samples to your buyer at foreign country. Sending export samples is a simple procedure under export and import.
In this article, I will explain about Ex Factory Price used in any business, especially in Export and Import business. What is Ex Works cost? Is Ex-works and Ex-factory same under delivery terms in an international trade? How does Ex Works terms of delivery work?
If we do not go in detail about definition and deep parameters, I will call this slogan – ‘ Business is money’. Although business man enjoy his day to day life in trade, if a loss occurs in business, everything collapse. So pay
LC is a common term used in all trade. When talking of LC, there may have many questions among traders. What is Letter of Credit? How does Letter of Credit work? How many types of LC are there? How do these types of Letter of Credit work? Which type of Letter of credit is safe for Exporter? Which type of LC is safe for
The various types of bill of lading are given below. The details articles about each type of Bill of Lading is written in separate article. The readers may go through each article to have a good knowledge about Types of Bill of Lading and its functions.
In this article let us learn Calculation of CBM under LCL sea shipment. Why to measure LCL shipment? How to calculate volume of cargo under sea LCL shipment? What is the importance of calculation of volume of cargo under LCL shipment?
What is Feeder Vessel? What is the size of a Feeder Vessel? How does Feeder Vessel serve? How to differentiate Mother Vessel between Feeder Vessel? What is the capacity of a Mother Vessel? How does Mother Vessel serve? Feeder vessel and Mother vessels are part of vessel carrying network
I have written a couple of articles about High Sea Sale in this web blog. You may kindly go through the same also to have clear idea about documentation formalities under High Sea Sale – HSS.
Even after five years of GST implementation and over a thousand notifications and circulars, we are still experiencing numerous issues with GST notice replies, on-site maintenance and department operations.
Businesses and professionals face numerous challenges due to issues and constant change. But, unfortunately, even after five years, we still expect and hope for stability in the
GSTR-3B filing , as per the GST laws, is a self-declared consolidated summary of all the inward and outward supplies done by the taxpayer in a month or a quarter.
GSTR-3B vs GSTR-2B reconciliation is now necessary to confirm that the Input Tax Credit claimed in the GSTR-3B form is valid and as per the GSTR-2B statement.
01.One of the main drawbacks for importer under DDP delivery terms is that the buyer has very less role only in movement of goods to reach him from the seller’s place. So from the point of view of a business, he
What are those demerits to an exporter under DDP terms? Let us discuss one by one: 01. One of the main disadvantages for exporter is that under DDP terms, the seller undertakes high risks on movement of goods from his place to buyer’s named place contracted. All risks and costs of local transportation, e
The below post is one of the several web posts explaining deeply about different delivery rules, its advantages and disadvantages from both buyer’s and seller’s perspective and comparison with one of the other.
We, the team of www.hotoexportimport.com deeply goes to each and every rule under Incoterms 2020 and digs out the contents and easily explains under various articles in this website. Here we chew over the benefits from importer’s perspective when he contracts DPU delivery terms for movement of goods.
Here are those demerits one by one: 01. One of the main disadvantages for exporter under DPU is that, unlike most of the other delivery rules, under DPU delivery terms, the risks of seller involved in movement of g
This information is one of the posts analyzing the pros and cons for exporters and importers when agreeing contract of carriage under each delivery terms specified by Incoterms 2020 published by International Chamber of Commerce.
The below details explains about the merits to an exporter who contracts DPU delivery terms for movement of goods with his supplier. Let us dig those advantages under DPU from seller’s perspect
List of electronic items - Electrical and Electronic Value declaration (brand, model and serial number of all major appliances must be noted)-(The format will be provided by India offices)
Authority letters (diplomats / non-diplomats, refer to agents for more information as the agent at destination will help fill out and provide letter - SAMPLE)
All consignees holding foreign passport should apply for Residential Permit to avail Transfer of Residence benefit. This is mandated even for Indian citizen holding (PIO) card (See below on the Transfer of Residence)
NOTE that some cities require the transferee to be present at the clearance port while other cities do not. Whether the transferee"s physical presence is specifically required at the customs port is dependent on the clearance location. Please verify with Clearing Agent.
All import shipments to India need to be properly declared on the packing list. customs needs this information to identify the dutiable items so the correct assessment and tax application can be applied to the shipment. The markings on the boxes must also match the consignee name on the packing list and the Bill of Lading. If this information is not provided, a full examination of the shipment will be required which will extend the clearance period as well as incur additional charges.
A consignee who is transferring his residence to India shall be allowed clearance of household goods and personal effects free of duty, subject to the below conditions
The unaccompanied baggage been in the possession of the passenger abroad, the sea shipment should be dispatched within one month of arrival of the shipper in India and the air shipment should dispatched within 15 days of arrival in India. In case of any delay, special approval has to be obtained from Customs.
The unaccompanied baggage via air should land in India within 1 month of the arrival of the passenger, in case of any delay, condonation letter have to be produced in front of the Assistant Commissioner of Customs or Deputy Commissioner of Customs, if he is satisfied that the passenger was prevented from arriving in India within the period of two months due to circumstances beyond his control such as sudden illness of the passenger or a member of his family, or natural calamities or disturbed conditions or disruption of the transport or travel arrangements in the country or countries concerned or any other reasons, which necessitated a change in the travel schedule of the passenger, the only he will allow us to clear the shipment.
Used household & personal effects, including furniture, kitchenware & small kitchen appliances, glassware, carpets, and other normal household items are allowed duty free, only when Transfer of Residence benefit extended, irrespective of their value, provided they have been in owner"s possession and used for at least one year. Any new article will be liable for full customs duty approximately at 35% plus 10 %(of 35 %) educational cess (Total 38.5 %)
Prior to Customs clearance, foreign nationals are required to furnish a bank bond for import trade authorities, stating not to sell the car for a specified period
At the time of importation of an old / used car the importer would have to submit a certificate issued by a testing agency which the Central Government may notify in this regard to confirm that the vehicle being imported into India has been tested immediately before shipment for export to India and that the vehicle conforms to all the regulations specified in the motor vehicles act 1988 of India.
At the time of importation of an old or used car the importer would have to submit a certificate issued by a testing agency which the Central Government may notify in this regard to confirm that the vehicle being imported into India conforms to the original homologation certificate issued at the time of manufacture.
On arrival at the Indian port but before clearance the vehicle would have to be submitted for testing by the Vehicle Research and Development Establishment, Ahmednagar or The Ministry of Defense of the Government of India, Pune or Automotive Research Association of India, Pune and such other agencies as may be specified by the Central Government for granting a certificate by that agency as to the compliance of the provisions of the Motor vehicles act 1988
The old or used vehicles imported into India should have minimum road worthiness for a period of 5 years from the date of importation into India with assurance for providing service facilities within the country during the 5 year period. For this purpose the importer shall at the time of importation submit a declaration indicating the period of road worthiness in respect of every individual vehicle being imported supported by a certificate issued by any of the testing agencies which the Central Government may notify in this regard
Rabies Vaccination & Certificate: All pets must have an original Rabies Certificate and this certificate must state the microchip number, the date of inoculation and the validity of the particular vaccination you obtain
Vet Health Certificate: This is the standard Health Certificate to be filled out by an accredited Veterinarian at the origin. Must be issued within 10 days of the flight. Health Certificate must state that the pet has no clinical signs of Aujossky’s disease, Distemper, Rabies, Leishmaoiasis, Leptospirosis and Tuberculosis.
If the customer has lived out of the country for a period of two years preceding his return, then he is entitled to the Transfer of Residence facility which means that he will be charged 18% duty for his electrical/electronic items
During this two year period he should not have been in India for a total of more than 180 days, If he has exceeded this 180 day period then he is not eligible for the Transfer of Residence facility. This can be waived by the Customs Officer on application provided this exemption has not been claimed in the previous 2 years.
If a customer is not entitled for Transfer of Residence facility, then his baggage is cleared under “Visit” and this means that he is charged 38% duty on his electricals/electronics , furniture and kitchenware.
The unaccompanied baggage had been in the possession abroad of the passenger, the sea shipment is dispatched within one month of arrival in India and the air shipment is dispatched within 15 days of arrival in India. In case of any delay, special approval has to be obtained from Customs
Used household & personal effects, including furniture, kitchenware & small kitchen appliances, glassware, carpets, and other normal household items are allowed duty free, only when Transfer of Residence benefit extended, irrespective of their value, provided they have been in owner"s possession and use for at least one year. Any new article will be liable for customs duty at 35% plus 3% educational cess or 36.05%
Wine/Alcohol: We strongly Suggest not to include wine or Alcohol in the shipment. This attracts high level of duties and taxes along with penalties also leading to delay in clearance of the shipments. Please contact India office for further information if required.
Articles Allowed Duty Free: 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. In respect of such goods, no more than one unit shall be permissible to such person and the total aggregate of value of such goods including other goods imported duty free under rule 5 of the Baggage Rules, 1998, shall not exceed rupees five lakhs (beyond that it is full rate of duty).
Articles allowed at a concessional rate of duty- 16.5% customs duty: Digital Video Disc Player; Video Home Theatre System; Dish Washer; Music System; Air Conditioner; Domestic refrigerators of capacity about 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: television receiver, sound recording or reproducing apparatus, video reproducing apparatus); Word Processing Machine; Fax Machine; Portable Photocopying Machine; Cinematographic films of 35mm or above. No more than one unite of each item of such goods shall be permissible per family. The additional will be dutiable at 38.5%.
If the total value of the above items exceeds RS 150,000,(approximately $4250) or items that exceed the one-piece limit will attract a duty of approximately 62%.
Aero models (such as remote-controlled toy helicopters) that operate on high radio bandwidths because of their possible interference with the communication networks of security agencies
Use this free Import Duty Calculator to calculate customs charge estimates for import duties. Customs Duties are determined in part by the product’s HS code.
Since Trump began to impose steep tariffs on a range of Chinese imports in the summer of 2018, the two countries have volleyed back and forth in what has come to be recognized as a trade war.
This is an ongoing and shifting landscape that directly impacts importers and exporters, especially as COVID-19 continues to disrupt global trade, making it vital to keep up with import duty regulations on the goods that you are shipping.
While our US Customs duty calculator provides an estimate, the customs authority determines the actual rate of duty applied to shipments. For professional advice, and to see whether your goods are affected by America-China import tariffs, consult a qualified customs broker.
‘Import to’ field: This import duty calculator only applies to imports into the US, but it will soon be extended to include the UK and other EU (European Union) countries.
‘I am importing field’: Type in one or two words that you feel most accurately hones in on your product. If more than one HS code is related to that word, a drop-down list will appear. Simply browse and select the HS code description that best fits your product.
The import duty calculator will automatically calculate whether duty is payable for that HS code. It will either return “Estimated to be exempt from duties” or a customs duty rate (cents/kg). If it returns a customs duty rate, the Estimate Duties button will become active. Input shipment weight and click on the button. The import duty calculator will calculate and return an estimate for the total customs duty payable for the shipment.
Please note, that these are estimates only. The customs authority determines the rate of duty applied to a shipment. For professional advice, consult a qualified customs broker.
Import duties or custom duty tax may be applied to protect local production, to penalize the country of import, to penalize a product that would be sold below fair market value (anti-dumping), or simply as a source of government revenue.
A confusion between international freight customs duties rules and two other rules has probably caused this mistaken impression. Those other rules are that shipments valued below $2,500 are eligible for “informal customs entry”, and that Customs are less stringent when checking express freight (international courier) shipments.
It is easy to get confused by customs charges because there are several different types of charges. Some are charged directly by the customs authority and some are indirect charges made by other parties involved in the customs process.
The following table brings together these charges, why they are charged, and who charges them so you can understand your custom duty charges in the USA, in China, or wherever else you may be shipping.
Our US customs duty calculator will help you calculate your upfront customs charges – brokerage and any potential penalties or additional fees will be added later
Fines applying when customs regulations are breached, ranging from minor charges, e.g. for mislabeled cargo, to heavy fines (and prison sentences) for fraud.
Pass-through fee from air or ocean carriers that covers shipment storage (demurrage and detention fees for FCL, warehouse fees for LCL). Shipments typically return from a customs inspection after the free period for these charges expires.
Service charge applying to ocean imports only, that covers filing in compliance with advance cargo reporting requirements. Often included as part of the Customs Clearance fee.
For more helpful freight tools and calculators, check out our freight rate calculator, freight class calculator, and chargeable weight calculator. And don’t forget to check out our ultimate guide tochoosing a freight forwarder.
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 t