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Company News :
- Anti-Dumping Duty imposed on Printed Circuit Boards import from China . . .
The Ministry of Finance, Department of Revenue, has issued Notification No 03 2024-Customs (ADD) on 14th March 2024, regarding the imposition of anti-dumping duty on Printed Circuit Boards (PCBs) imported into India from China PR and Hong Kong
- IGST on Imports - Calculation Methodology - IndiaFilings
GST is applicable on all imports into India in the form of levy of IGST It is levied on the value of imported goods + any customs duty chargeable on the goods Hence, IGST must be calculated after adding the applicable customs duty to the value of imported goods
- Place of Supply of Imports – Explained - ClearTax
So import of goods and services into India will attract IGST Basic custom duty and all applicable customs levy will continue to be charged IGST on import of goods will be levied and collected under the Customs Act, 1962
- Indian Customs Import Duty on pcb - Cybex Exim
Customs Import Duty of PCB in India HS-Code 27109100 Description Containing polychlorinated biphenyls (PCBs), polychlorinated terphenyls (PCTs) or polybrominated biphenyls (PBBs)
- GST on Imported Goods in India: Customs and IGST
GST on Imported Goods in India: Customs and IGST Whether you’re importing electronics, apparel, or business supplies, imported goods in India are subject to taxes under both Customs Duty and Goods and Services Tax (GST)
- Compare - GST on Indian Imports: All You Need to Know
GST is levied on the total product value plus the total customs duty imposed on the imported goods To understand this better, consider that the assessable value of goods imported into India is Rs 100, the basic customs duty rate is 10 percent, and an IGST tax rate of 18 percent is to be applied
- Guide to Calculate Import-Export Duties
IGST is charged on the total of CIF Value + Basic Customs Duty Rate: 5%, 12%, 18%, or 28% (depends on product type) Rate: 10% of Basic Customs Duty (some items are exempt) Extra duty charged if goods are imported at very low prices from certain countries Rate: As per government notifications
- (GOODS AND SERVICES TAX) IMPORTS - Goods Service Tax, CBIC . . .
IGST Act, the levy of the IGST on import of goods would be levied under the Customs Act, 1962 read with the Custom Tariff Act, 1975 The importer of services will have to pay tax on reverse charge basis
- Seeks to impose ADD on Printed Circuit Boards (PCB) imported from China . . .
Whereas in the matter of Printed Circuit Boards (PCB) (hereinafter referred to as the subject goods) falling under tariff heading 8534 0000 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), originating in, or exported from China PR and Hong Kong (hereinafter referred to as
- IGST on Import of Goods Services Explained | CaptainBiz
Learn how IGST applies to the import of goods and services in India Understand valuation, payment process, and credit eligibility Guide by CaptainBiz
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