Hey Intresting but when I tested out. It was not actually very cheap, although mileage could vary depending on the product, avalability and customs. There is NO Warranty as you mentioned earlier.
Example
Product:
Audio Technica ATH-AD700 Open-air Dynamic Audiophile Headphones
$88.93 - Quantity: 1 - In Stock
Normal shipping to bangalore, india. (averages 8-16 business days)
Items: $88.93
Shipping & Handling: $15.97
Total Before Tax: $104.90
Estimated Tax To Be Collected:* $0.00
Import Fees Deposit $32.60
Order Total: $137.50 ~ 6250 INR as of today
Express Shipping
averages 2-4 days)
Items: $88.93
Shipping & Handling: $41.97
Total Before Tax: $130.90
Estimated Tax To Be Collected:* $0.00
Import Fees Deposit $40.68
Order Total: $171.58 ~ 7800 INR
As in T&C of Amazon.com
"Import Fees Deposit" represents an estimate of the Import Fees that will be levied on the items in your order for shipment to countries outside of the US. By placing your order, you agree to allow Amazon Export and/or Merchant (as applicable) to collect the Import Fees Deposit for the applicable items in your order. This deposit will be used, on your behalf, to reimburse the Designated Carriers for the import fees that they have paid on your behalf to the appropriate authorities of the destination country.
You further agree that the Designated Carriers may disclose to Amazon Export or Merchant (as applicable) the amount of actual Import Fees levied on the item you have purchased from Amazon Export and/or Merchant ("Actual Import Fees"). In the event that the Import Fees Deposit exceeds the Actual Import Fees, Amazon Export or Merchant (as applicable) will refund the difference to you.
In the case of gifts or other purchases made on behalf of another recipient, you also agree to grant the foregoing authorizations on behalf of the recipient designated in your order.
To obtain details regarding the Actual Import Fees, or to obtain documentation or receipts in connection with customs clearance, you may contact the Carrier specified in your shipment confirmation e-mail.
Limitations
For products shipped internationally, please note that any manufacturer warranty may not be valid; manufacturer service options may not be available; product manuals, instructions and safety warnings may not be in destination country languages; the products (and accompanying materials) may not be designed in accordance with destination country standards, specifications, and labeling requirements; and the products may not conform to destination country voltage and other electrical standards (requiring use of an adapter or converter if appropriate). You are responsible for assuring that the product can be lawfully imported to the destination country. When ordering from Amazon.com, the recipient is the importer of record and must comply with all laws and regulations of the destination country.