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What is Custom Duty and how to calculate it after GST in India?

Custom Duty is one such tax which is compulsory on all the products imported into a country or exported from a country. If you are new in this business and want to earn good profit than you must have full-fledged knowledge about custom duty, how to calculate it and many more. On the official website of SEAIR Exim Solutions, you can find custom import duty calculator India which helping in making correct calculation of import duty in India after Goods & service tax. Visit https://www.seair.co.in/Custom-Duty.aspx for more information.

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What is Custom Duty and how to calculate it after GST in India?

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  1. GET SOME DETAILS ABOUT DUTY BY

  2. ABOUT US Seair Exim Solution provides Custom Duty India that is Vital your Business Growth and Useful in Analyzing the various Market updates. If you are involved in Trade Business in any form, then make sure to get a clear understanding of Custom Import Duty.

  3. What is Custom Duty and how to Calculate it after GST in India? Custom Duty is one such tax which is imposed on all the products imported into a country or exported from a country. This tax is collected to enhance state revenue and to protect domestic industries from other foreign predators. The imposition of custom duty is generally depends on the weight, size and dimensions of the imported or exported commodities and other specific criteria. This tax is also matters to size of the engines, in case of vehicles.

  4. What are the types of custom duty? TYPES OF CUSTOM DUTY In India, there are mainly two types of custom duties that are imposed on all traded items in India namely import duty and export tax. Import duty is levied on products that are brought into India from other foreign countries and export tax is imposed on products that are shipped from India to rest of the world.

  5. Who imposed this tax? This custom duty tax is levied by custom authorities and in return they control the overall shipment of goods from one part of the globe to another. It is collected by custom officials while the traded items are being examined and inspected by official members. These custom authorities protect all traded goods while loading, unloading and shipping etc. They typically looking for trademark issues or fair market trade based on the assessment value of imports

  6. How to calculate import duty in India after GST? After GST (Goods and Service Tax), the entire taxation system has been changed in India. Now the custom duty in India is calculated on the basic custom duty, IGST (Integrated Goods and Service Tax) and compensation Cess. Let’s suppose the value of Hair oil imported into India is Rs 500/-, then the basic custom is 12.5%, integrated goods & service tax (18%) and compensation Cess is Nil.

  7. Phone :- +91-11-41325515 Email : - sales@seair.co.in Address:- A-112 Ground floor, Lajpat Nagar part-1. New Delhi‐110024 Website:- www.seair.co.in

  8. Thank you for your Time and Attention....!

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