Import Duty Structure,Import Consultants,Import Customs Duty,Import Duty India

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IMPORT DUTY STRUCTURE

The imported goods are levied with a Basic Customs Duty (BCD) on the assessable value. On the value thus arrived (after adding the BCD) an additional duty or Countervailing Duty (CVD), equivalent to the excise duty on like products (to countervail the same) is levied. Further an Additional CVD of 4% is charged to countervail the sales tax in India. A cess of 3% is charged on BCD & CVD. In addition other duties like anti dumping, safe guard duties are applicable in specific cases. The duties normally are ad-valorem, but in some cases even specific duties are leviable.

Goods / Raw Materials

Normally a BCD of 10% is charged along with a CVD of 12.36% and ACVD of 4%. This works out to a total of 28.852%
The duties (BCD) on the agricultural goods are 30%. In some cases however they may be up-to 85%. For alcohols and spirits duties upto Rs. 150 per liter are levied.
For minerals normal duty are 10%, 5%, 2%, NIL
The duty on the textile fabrics is with floor value on per sq. m basis depending upon the kind of and weight of the fabric.

Capital Goods

Capital Goods, machinery, equipments mostly covered under chapter 84 and 85 normally attract duty of 7.5% + CVD and ACVD. This works out to a total of 25.852%. Duties are lesser for computers & and computer parts and telecom related products under IT agreement. The duties are further reduced by exemption notifications based on the usage of goods for specified purposes and for specified industries.

Project Imports:

Project Imports enjoy duties of 5% plus CVD, ACVD. Please see Project Imports section for more details

Please see Import Duty Calculator for better understanding of these levies

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