Customs Duty Computation for Cables Being Offered

Indian 8-digit HS Code: 85444920 Basic Import Customs Duty in India: 7.5% Total Import Customs Duty in India: 23.895% on CIF Value of goods The computation of total import customs duty is as follows: A - CIF Price: USD 100.00 B - Basic Customs Duty: 7.5% of A = USD 7.50 C - CVD Counter Veiling Duty - Additional Duty: 10% of (A+B) = USD 10.75 D - Central Excise Education Cess: 3% of C = USD 0.3225 E - Customs Education Cess: 3% of (B+C+D) = USD 0.557175 F - Special CVD - Additional Duty: 4% of (A+B+C+D+E) = USD 4.765187 Total Customs Duty: (B+C+D+E+F) = USD 23.894862 i.e. approximately 23.895% of CIF Additional 2% to 3% may be added towards Clearing and Forwarding the goods to Thales / Southern Railway warehouse from Chennai port. This will depend on the CHA that will be nominated.

Thus the landed cost (Total Customs Duty + Clearing & Forwarding) at Thales / Southern Railways warehouse will be between 26 % to 27% of CIF value of goods.