surajspai
Forerunner
Hello,
I have been importing some spares and parts to mod my watches,mainly from multiple places in Europe.
Now, I dont ask for undervaluation ,so,I pay full duty charged,but lately it seems to be a rip off.
Is it post GST?I dont know.
So,here's how a package was charged-It had 2 bezels,a couple of crystals and a bunch of gaskets for a total of 176GPB, shipped.
Now,they have taken 87.95Rs as the conversion rate,so
Declared value - 15479 Rs
Freight (20% of DV) - 3095 Rs
Insurance (1.125 % of DV) - 175 Rs
Total assessable value(a) - 18749 Rs
Rate of duty Amount of duty in Rs
Basic customs duty(b) -10% on (a) 1875
CESS(c) -3% on (b) 56
IGST (d) -28% on (a)+(b)+(c) 5790
Total duty payable 7722 Rs (I have already paid the amount)
Now,
1.Why is freight 20% of declared value?everyone combines the shipping charge in the declared value and customs is charged on shipping too,but why this rip off?
2.Insurance is already pre paid by me,so why do they charge Insurance again?
3.Can I have the package re evaluated?has anyone tried doing so?
I have a couple more parcels at the post office,with a combined duty of 10000 Rs ,on similar lines.
Suraj
I have been importing some spares and parts to mod my watches,mainly from multiple places in Europe.
Now, I dont ask for undervaluation ,so,I pay full duty charged,but lately it seems to be a rip off.
Is it post GST?I dont know.
So,here's how a package was charged-It had 2 bezels,a couple of crystals and a bunch of gaskets for a total of 176GPB, shipped.
Now,they have taken 87.95Rs as the conversion rate,so
Declared value - 15479 Rs
Freight (20% of DV) - 3095 Rs
Insurance (1.125 % of DV) - 175 Rs
Total assessable value(a) - 18749 Rs
Rate of duty Amount of duty in Rs
Basic customs duty(b) -10% on (a) 1875
CESS(c) -3% on (b) 56
IGST (d) -28% on (a)+(b)+(c) 5790
Total duty payable 7722 Rs (I have already paid the amount)
Now,
1.Why is freight 20% of declared value?everyone combines the shipping charge in the declared value and customs is charged on shipping too,but why this rip off?
2.Insurance is already pre paid by me,so why do they charge Insurance again?
3.Can I have the package re evaluated?has anyone tried doing so?
I have a couple more parcels at the post office,with a combined duty of 10000 Rs ,on similar lines.
Suraj