Buyandship established a network of self-operating(US, JP) and dedicated(UK, KR, CN, TW, AU, IT, TH) warehouses for users to ensure fast and efficient delivery services. But every country has different taxation that has to be considered. Find the taxation for India below. All prices listed on our website are in US Dollar.
When importing goods into India, there will be an import duty and tax charge, no matter if imported by a private individual or a commercial entity.
The valuation method is CIF.
What is the meaning of CIF?
CIF means Cost, Insurance, and Freight, which means that the import duty and taxes payable are calculated on the complete shipping value, which includes the cost of the imported goods, the cost of insurance, and the cost of freight. Duty will be calculated on the sum of the CIF and the landing charges.
Percentage of Duty Fees
India customs will charge duty fees for all personal shipment, the average duty fees will be 41.492%, and the shipments will be cleared after clients have settled the duty.