mediahome.in said:
duty on sound equipment isapprox 30% . there is additional cess n all also that u dni account for
Umm..i did account for it, the max duty they can charge is 28.6%
(1) 10% - Basic
(2) 10% - CVD
(3) 3% - edu cess on (2) CVD
(4) 3% - Edu cess on all of the above (1)+(2)+(3)
(5) 4% - Special Additional Duty on all of the above (1)+(2)+(3)+(4)
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max is 28.6% CIS (Cost Price + Insurance + Shipping)
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(5) does not apply to audio equipment like DAC's, Headphones etc which i'm assuming is in the same category as what Gannu wants and therefore the total duty payable should be 23.8%.
Now this is for my state of Karnataka if your state charges anything extra is another question, with octroi and everything but outside mumbai i would think the above appplies everywhere else in the country.
I accept i could be wrong here but the defintive answer lies in matching the EXIM code to the goods concerned.