February 28, 2013

India's 2013/14 budget : Customs Duty

India's 2013/14 budget Updates 

Lady  Passenger

The duty free allowance on jewellery for an Indian passenger, who has been residing abroad for over one year or a person who is transferring residence to India, has been raised to Rs 1 lakh in case of a lady passenger from Rs 50,000 earlier. 

Male  Passenger

For a male passenger, this has been raised to Rs 50,000 from Rs 10,000. 

Moreover, precious stones will become cheaper as the basic customs duty has been cut to 2 per cent from 10 per cent on pre-forms of precious and semi-precious stones.


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Anonymous said...

Indian Government has removed customs duty on LCD/LED TVs during 2012 - 2013 budget and the same thing is endorsed during 2013/2014 budget. But, the customs officials at Bengaluru Airports do not accept this in spite of showing them the extracts of the budgets and impose customs duty on LCD/LED TVs on Indian MRP and not on the invoice obtained while purchasing the item. Is it justified?

babu said...

. I am coming for a shot vacation to India ( CCJ Airport ) on next month .
I would like to carry my canon 70D with 18 -135mm lens . I should return it back in my return trip .
So Kindly advise me what are procedure to keep my camera a baggage items. Is available any paper like export re-import forms.???

Expecting your earliest and positive response

jamu said...

Could you update gold import custom duty.

Are there any official links for the custom duty rates?


ali appana said...

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