I have HS Code for a particular material i want to import, How to calculate the import duty on it.?

i have complete details on a material including HS Code, where can i find details about homuch will be the total import duty and any other tax or duty i will have to pay to import that particular material., i want to calculate the landing price for that material.

please help

If you are asking about the entered value, here is a formula.
If this is being shipped fob, then that is the entered value. Take the duty rate and apply it against that value.

If cif, then subtract the insurance and freight, and apply it against that value.

In the US, we don't calculate duties against Ocean Freight and International insurance.

Import Specialist 32 for U. S. Customs Service

Just go to the following one.

http://www.infodriveindia.com/Indian-Cus...

Tags

　　United States Taxes 　　United Kingdom Taxes 　　Spain Taxes 　　Singapore Taxes 　　Mexico Taxes 　　Ireland Taxes 　　India Taxes 　　Germany Taxes 　　Canada Taxes 　　Australia Taxes 　　Small Business

Related information

PAN CARD name Rectification Request?

There is a provision for PAN card data correction. They accept corrections. But in the website they did not mention that they will correct name also. Anyway it is the fault of the department who...

I am beginner investor, wants to invest in tax saving mutual funds....?

For tax savings you can go for investments that are eligible for tax deduction U/s 80c. Your taxable income will be reduced to the extant of your 80c investments subject to maximum deduction of Rs....

My ctc us 231000 and bonus for year 07-08 is 58000 & no other source of income then have i to paid tax?

Your ctc Rs.2,31,000 plus bonus Rs.58,000. Total income is Rs.2,89,000 for the financial year 2007-08. Your tax liability will be as follows for this year. If you are a male & <65 years...

I have applied pan card but i have not received i got pan number with me how can i get my pan can plz help?

You have not given full details like when did you applied. Now Income tax department is not issuing PAN cards. On their behalf NSDL and UTIISL are issuing PAN cards. If you have PAN application a...

Components of salary slip considered for calculating HRA in India?

we consider Retirement Benefit Salary (RBS) for calculation of HRA. RBS consist of following three components only :- (1) Basic Pay (2) D.A. forming Part of Salary (3) Fixed % of Commission...

Can i have multiple Demat account for one pan card ?

Like bank accounts, you can have any number of demat accounts. You can make a Guinness World Record for Demat accounts. You should have a PAN card to open the Demat A/c. But remember that you shoul...

Is fixed deposit in a Bank in India is a wealth tax liability or not?

Bank FD, cash in bank (SB or Current A/c), shares, debentures, one house or one plot (less then 600 sq.yds), agriculture land, cash in hand less than Rs.50,000 , plot 8 kms away from notified ares ...

Should I mention the service tax No?

Whether your billing is above Rs 8 Lakh in a financial year? If yes; U R required to have registration from service tax and pay service tax. Click on the link below for service tax registration f...