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Know How to Calculate Import Duty after GST with custom import duty

If you are an Indian trader then you previously must have identified that paying custom duty is very important to import anything in India. As we know with the arrival of GST the entire technique of imposing import duty on products imported in India has been transformed. With the help of this presentation you know integrated goods & service tax and compensation cases. You must have a widespread knowledge about the custom duty which is valid on your imported item which is possible with the custom Import duty calculator after GST available on the website visit https://www.seair.co.in/Custom-Duty.aspx or you may also call us more detailed information.

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Know How to Calculate Import Duty after GST with custom import duty

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  1. WE PRESENT Import duty after GST

  2. Introduction Seair Exim Solutions offer important and updated information to our clients for import export trade. The reports given to our clients are the mixture of relevant keywords and HS (Harmonized System codes) and other relevant information. We believe in providing the best solution to our clients so that they can avail profits and take their business at a very next level of success.

  3. How to Calculate Import Duty after GST on Imported Products in India? Find out with the Examples With the arrival of GST (Goods and Service Tax), the entire technique of imposing import duty on products imported in India has been transformed. Some upgraded duties and taxes after GST are basic custom duty, integrated goods & service tax and compensation cases. Here are two examples clarified in order to easily understand the importance of GST and import duty after GST.

  4. Let me explain with some examples Examples are further explain in next slides.

  5. Example 1- Hair Shampoo How to calculate imposed import duty on Hair shampoo after GST? Let’s suppose the assessable value (AS) of imported Hair shampoo in Into India is Rs300/-, basic custom duty (BCD) is 12.5% and IGST rate imposed (18%). Now read below points carefully- • Basic customs duty on Hair Shampoo imported into India is 12.5% of 300 =Rs 37.5/- • IGST (Integrated Goods and Service Tax) is 18% of (AV + BCD) = 18% of 300+37.5 =Rs 60.75/- • Compensation Cess: 0% of (AV + BCD) = 0% of (300 + 37.5) = 0% of Rs 375.5/- = 0 (Nil) • Total tax imposed on imported Hair Shampoo= A+B+C =37.5 + 60.75 + 0 =Rs 98.95/-

  6. Example 2- Pan Masala How to calculate imposed import duty after GST on Pan Masala? Let’s suppose the assessable value (AS) of imported Pan Masala in Into India is Rs200/-, basic custom duty (BCD) is 37.5%, IGST rate imposed (28%) and compensation cess is 60%. Now read below points carefully- • Basic customs duty on Pan Masala imported into India is 37.5% of 200 =Rs75/- • IGST (Integrated Goods and Service Tax) is 28% of (AV + BCD) = 28% of 200+37.5 = Rs 66.5/- • Compensation Cess: 60% of (AV + BCD) = 60% of (200 + 37.5) = 60% of Rs237.5/- = Rs 142.5/- • Total tax imposed on imported Pan Masala = A+B+C =75 + 66.5 + 142.5 = Rs284/-

  7. Contact with us:- 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

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