How To Calculate Customs Duty?

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Anti-Dumping Duty
This is levied if a particular product being imported is below the fair market price. It is done to prevent country’s local industries.

Safeguard Duty
This is levied if the customs authorities feel that the exports of a particular good can damage the country’s economy. The rate of Safeguard Duty is determined by the Tariff Commission and is based on the difference between the landed cost of the imported goods and the price of the domestically produced goods.

The customs duties are usually calculated on an ad valorem basis, i.e., on thailand phone number list the value of the goods. The value of the goods is calculated according to the regulations stated under Rule 3(i) of the Customs Valuation Rules, 2007.

You can also make use of the customs duty calculator available on the CBEC website. As part of the computerised and electronic service drive in 2009, India started a web-based system known as ICEGATE (Indians Customs Electronic Commerce/Electronic Data Interchange Gateway). It calculates duty rates, import-export goods declaration, shipping bills, electronic payment, and verification of import and export licenses.

The Indian classification of the Customs Duty is based on the 6-digit Harmonized Commodity Description (HS) and Coding System.