Custom Duty Registration Starting at Just Rs.9,999/- (Inclusive of all Govt. Fees).
Custom Duty in India
Custom Duty is an Indirect tax collected by Central Govt on Imports and Export of goods. Custom Duty is governed by Customs Act 1962. All the business entity who are interested in Import or export business need to register with customs or engage a clearing forwarding agent before they can actual start the work.
Types of Custom Duty
Online Custom Duty
Online custom duty is available from ICEGATE or Indian Customs Electronic Commerce/Electronic Data Interchange (EC/EDI) Gateway. This portal allows E-Filing services to clients of Customs Department including trade and cargo carriers, collectively known as Trading Partner. ICEGATE offers services such as electronic filing of Bill of Entry, Shipping Bills, and other related messages between customs and the trading partner through e-mail, FTP and web-upload.
Shipping and airline agents can file manifests through this portal, while cargo logistics and custodians are able to interact with customs EDI for logistics and cargo related information. Apart from e-filing, this portal allows e-payment, document tracking, online registration for IPR, IE code status, verification of DEPB/EPCG/DES licenses, PAN based CHA data etc. There is a 24x7 helpdesk for all the trading partners to solve issues and collect information.
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Important things to consider
Custom duty can be paid online by following the steps: 1. Access the ICEGATE e-payment portal 2. Enter Import/Export code or login credential supplied by ICEGATE 3. Click on e-payment 4. You can now see all the unpaid challans in your name 5. Select the challan you want to pay and select a bank or payment method 6. You will be redirected to the particular bank’s payment gateway 7. Make the payment 8. You will be redirected to ICEGATE portal, click print to save payment copy
You can access the custom duty calculator in the ICEGATE portal. Once you access the calculator, you will be required to enter the HS Code (CTH Code) of the good you are planning to import. Enter description within 30 characters and select the country of origin (for antidumping or preferential duty). Click on Search and you will see a list of goods that match your search criteria. Select one and you will be able to access a chart with all information related to the custom duty on selected item. This is a dynamic chart and you can enter values to check the exact custom duty you are liable to pay.
Custom duty rates can be specific (rupees per unit) or ad valorem (percentage of value). In general, duty varies anywhere from 0% to 150%, with the average rate lying around 11.90%. There is also a list of goods that are exempted from custom duty. Other fees related to custom duties include: 1. Landing Charge (LC) – 1% CIF 2. Countervailing Duty (CVD) – (0%, 6% or 12% (CIFD + LC)) 3. CEX (Education and Higher Education Cess) – 3% CVD 4. CESS (Education + Higher Education) – 3% (Duty + CEX (Education and Higher Education Cess) + CVD) 5. Additional CVD – 4% (CIFD + LC + CVD + CESS + CEX)
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