Jaspreetrattan
Disciple
Thank You , How To Determine HSN Code Before Importing ?Whenever you import something the import duty will be charged based on the HS code of the product if you have an IEC code. This is good because most of the electronic stuff have 12-26% duty.
If the IEC code is not mentioned in the shipment then it's treated as imported for personal use and charged at a flat rate of 42% (corresponding to HS Code 9804*) irrespective of the actual category of the item. So you'll end up paying 4.2k on a 10k item if you import it without IEC code where as with IEC code you'll get it at 1.2k-2.6k(of course this depends on the actual category of the item).