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Custom Duty Calculator, Indian Custom duty, Custom Tariff rate

Custom duty is a sort of tax which is imposed by the Government of India. This duty is imposed on all materials that are imported or exported from India.  Government generates enormous revenue by way of this duty. Central Board of Excise and Customs (CBEC) is the principal government body which controls the functions related to the custom duty of all goods. CBEC is the part of Department of Revenue under the Ministry of Finance, Government of India. Custom rate is distinct for each and every products and it is defined by the Central Board of Excise and Customs under Customs Tariff Act, 1975.

Central Board of Excise and custom can change the custom duty rate from time to time according to the need of the industry and economy so there is an incessant need to have for importers and exporters to keep themselves abreast with the newest info about their enterprise items. Also every importer and exporters would want to calculate the custom tariff quantity applicable on the products which he is importing so that they do not have to face any difficulties soon after shipment is received.

We are 1 such b2b web portal offering the Custom Duty Calculator for all the merchandise under the Central Board of Excise and Customs. By means of this facility each Importer or trader can effortlessly see the custom tariff rate and also the actual amount of custom duty payable on the assessable value of his imported goods. We offers this facility to its registered users so that they can effortlessly see the newest custom duty rates on their items and calculate the quantity of duty by simply entering the CIF value or Assessable value of their shipment. The internet site is a vast resource of other important Exim data like circulars, HS code, Custom notifications, Central excise, Service tax, etc. This internet site can therefore be employed as a ready reference for the latest and the most up to date changes created by CBEC and other authorities. The user friendly interface obtainable on the website is quite beneficial for instant search. All you have to do is select the issuing authority, date range, notification/circular no or the subject of the notification/circular. It automatically displays the relevant result inside a couple of seconds thus saving a lot of your precious time and effort.

Here is the illustration on how to calculate the Indian Custom Duty

Total customs duty is calculated o the assessable value of the goods. Assessable value is the total CIF Value +1% landing charge on the CIF value.

Total customs duty is divided into its various components:

(i) Basic Duty: It is calculated as a percentage of the total assessable value of the shipment. The rate is distinct for each and every 8 digit Hs code and is laid down in the initial schedule of customs tariff act.

(ii)CVD or Additional Duty : It is calculated on the amount which is the sum of assessable value and Basic duty i.e., assessable value + fundamental duty x CVD rate.

(iii)Central excise education cess: It is levied over and above the CVD on the total value soon after such as the simple duty and further duty.

(iv)Custom education cess: It is levied on the total value obtained following adding the Simple duty + CVD + Central excise edu cess.

(v)Special CVD / Special duty : It is calculated on the total value obtained right after adding the assessable value + Fundamental Duty + CVD + Central excise edu cess + Custom Edu cess.