Export Import Insights | Impex Consultancy

  Import Customs Duty in India: How to Calculate Customs Duty, IGST & Total Import Tax Importing goods into India involves more than simply paying the supplier. Importers may need to account for customs duty, IGST, applicable surcharges or cess, freight, insurance, port and customs clearance charges, and other logistics expenses. Understanding how import duty is calculated is therefore essential before placing an international purchase order. A small mistake in HS Code classification, customs valuation, country of origin, exemption eligibility or documentation can affect the final landed cost. In this guide, we explain the basics of import customs duty in India , including Basic Customs Duty (BCD), Social Welfare Surcharge (SWS), IGST, assessable value, preferential duty, customs valuation, Bill of Entry and common mistakes. Important: Customs duty rates and applicable taxes depend on the product, HS/CTH classification, country of origin, notifications, exemptions, trade agr...

A Complete Guide to Reducing Customs Duty, Freight, Landed Cost & Other Import Expenses Importing goods from overseas can provide significant business opportunities, but the actual cost of imported goods is much more than the supplier's purchase price . An importer may have to consider: Product cost Freight Insurance Customs duty IGST Port charges Customs clearance CFS/terminal charges Transportation Bank charges Documentation Storage Demurrage Other logistics expenses This is why businesses should focus on landed cost optimization , rather than simply negotiating a lower supplier price. In this article, we explain 15 practical ways Indian importers can control and reduce avoidable import costs . Important: Customs duty, taxes, exemptions, trade-policy requirements and other charges depend on the product, classification, origin, transaction structure and applicable rules. Always verify the current requirements for your specific shipment. What Is Import Cost? The purchase price...

  Understand Your Real Import Cost Before Placing an Order Product price is not the same as import cost. An overseas supplier may offer you an attractive price, but after adding freight, customs duties, applicable taxes, port charges, clearance, transportation and other expenses, the final cost can be significantly higher. This final cost is commonly referred to as the landed cost . Understanding landed cost before placing an import order can help businesses compare suppliers, determine selling prices and make better purchasing decisions. What Is Landed Cost? Landed cost is the overall cost associated with bringing imported goods from the supplier to the intended destination. A simplified formula is: Landed Cost = Product Cost + Freight + Insurance, where applicable + Customs Duties & Applicable Taxes + Clearance & Logistics Costs + Other Applicable Charges The exact calculation depends on the product, transaction structure, Incoterm, customs valuation and applic...