[Ilugc] Need your suggestion for buying Laptop
- From: binand@xxxxxxxxx (Binand Sethumadhavan)
- Date: Fri Apr 21 20:52:40 2006
On 21/04/06, Binand Sethumadhavan <binand@xxxxxxxxx> wrote:
The import duty is imposed by India. The rule is that one laptop per
passenger for personal use can be imported without any paperwork or
payment, but anything more than that needs to be cleared via customs
after paying the necessary duty which I think for electronic goods is
150 or 200% (we are assuming that a laptop will not fit in the
duty-free limit of Rs. 25,000).
What do you know? Our customs department has a website :)
This one is illuminating:
http://www.cbec.gov.in/cae/customs/cs-act/notifications/notfns-2k4/cs11-2k4.htm
And hence, my numbers change to (
http://www.cbec.gov.in/cae/trvlers-info.htm ;)
"The goods over and above the free allowances shall be chargeable to
customs duty @ 40% + an education cess of 2% i.e. to say the effective
rate is 40.8%."
So if the customs guys get hold of it, your 50k laptop becomes a 70k one.
Binand
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