HetalDP 947 Report post Posted February 28, 2013 Excise Duty 6 % Add Velorum 2 % Counter Vailing Duty 1 % Total 9% Share this post Link to post Share on other sites
parin 857 Report post Posted February 28, 2013 So Mobile Prices will go High.... Share this post Link to post Share on other sites
HetalDP 947 Report post Posted February 28, 2013 If its Excise whats is the implications? Share this post Link to post Share on other sites
parin 857 Report post Posted February 28, 2013 New Delhi: In the 2013 Union Budget presented on Thursday, Finance Mininter P Chidambaram has proposed an increase in import duty on mobile phones priced above Rs 2,000 from the existing 1 per cent to 6 per cent. This surge in import duty may lead to increase in prices of imported mobile phones that carry a price tag of more than Rs 2,000. However, the import duty on the phones below Rs 2,000 will remain unchanged. Source Share this post Link to post Share on other sites
snorlax 319 Report post Posted February 28, 2013 If its Excise whats is the implications? Implication is same.. That is if d mobile is imported or manufactured in India, excise duty will be levied at 6%.. Share this post Link to post Share on other sites
Chetan 13 Report post Posted February 28, 2013 Oh well, it was good while it lasted @ 1% Sent from my skz_tenderloin using Tapatalk HD Share this post Link to post Share on other sites
commonman 228 Report post Posted February 28, 2013 For Indian Mobile: 8% Excise duty - 6% Ad valorem duty - 2% For Imported mobile: 9% Import duty - 6% Ad valorem duty - 2% Couerveiling duty - 1% Share this post Link to post Share on other sites
rnk 2 Report post Posted February 28, 2013 what is Couerveiling duty for imported mobiles? Share this post Link to post Share on other sites
kshah 452 Report post Posted February 28, 2013 CVD is calculated on total Assesible value + Custom duty Share this post Link to post Share on other sites
mekturk 21 Report post Posted February 28, 2013 When is this effective from? SnS sent mail saying it's effective from 1st March 2013. But I'm sure they're not going to implement it so soon. Share this post Link to post Share on other sites
raju_a 31 Report post Posted February 28, 2013 CVD is equivalent of Excise on Imported mobile Share this post Link to post Share on other sites
kundalus 24 Report post Posted February 28, 2013 Revised Import duties implemented from 1st march.....damn, free wifi still remains proposed....>_> traveling for an almost 12hrs journey by train.... Sent from my DROID RAZR using Tapatalk 2 Share this post Link to post Share on other sites
mekturk 21 Report post Posted March 1, 2013 Revised Import duties implemented from 1st march.....damn, free wifi still remains proposed....>_> traveling for an almost 12hrs journey by train....Sent from my DROID RAZR using Tapatalk 2 Where did you get the effective date? I've been searching online for any references / news about the date of implementation but nothing is there. My query to ARAMEX just got replied - "policy updates in budget are from April, but duty structure is from March" Need to receive one of the SnS shipments to find out the actual case. Share this post Link to post Share on other sites
SumitVerma 187 Report post Posted March 1, 2013 Hope they are not gonna impose taxes on imported air that travels from other States to India... Share this post Link to post Share on other sites
commonman 228 Report post Posted March 1, 2013 All indirect tax revisions are effective immediately unleas otherwise specifically stated. It is a standard practice followrd by the Finance Ministry every year. Share this post Link to post Share on other sites
shanusmarty 29 Report post Posted March 1, 2013 ^^^ 100% TRUE Share this post Link to post Share on other sites
kundalus 24 Report post Posted March 2, 2013 Revised Import duties implemented from 1st march.....damn, free wifi still remains proposed....>_> traveling for an almost 12hrs journey by train.... Sent from my DROID RAZR using Tapatalk 2 Where did you get the effective date? I've been searching online for any references / news about the date of implementation but nothing is there. My query to ARAMEX just got replied - "policy updates in budget are from April, but duty structure is from March" Need to receive one of the SnS shipments to find out the actual case. If u use sns then check ur mailbox. They have sent revision figures same day of budget. Otherwise indirect tax are effective immediately Sent from my DROID RAZR using Tapatalk 2 Share this post Link to post Share on other sites
Chetan 13 Report post Posted March 2, 2013 Its official, ppobox mail says 7% duty ..... Sent from my skz_tenderloin using Tapatalk HD Share this post Link to post Share on other sites
snorlax 319 Report post Posted March 2, 2013 The actual scenario now assuming a CIF(cash insurance freight) value of 100 in my knowledge and understanding is: Landing charges 1% (101) Basic duty 1% (102.01) Cvd(excise) 6% (108.13) Cess 3% (108.34) Totalling to 8.34% Earlier it was Landing charges 1% (101) Basic duty 1% (102.01) Cvd(excise)1% (103.03) Cess 3% (103.09) Totalling to 3.09% Share this post Link to post Share on other sites
mekturk 21 Report post Posted March 28, 2013 You guys are right - All my customs after the announcement have been calculated at 7% But one improvement I observed over earlier customs duty is that - earlier in many cases, they used to inflate the mobile value (mark a $100 phone as 12000 / 15000) and charge customs on that, but now they seem to charge 7% mostly on the actual $ value. So at least for me, the old % and newer % is working out to almost similar. Share this post Link to post Share on other sites
