All international "Gift" packages now liable for customs duty @ 77%(?)

shantam2005

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I'm really fed up with this government's attitude on imports for both Business and Personal use. They even stopped publicly sharing the Exim data from Indian ports since 2016 for no good reason, which was a really good source to know about the prices of products and raw materials in the international markets.
 

Smh

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The following sub-paragraphs are inserted under para 2.05 of Chapter-2 of Foreign Trade Policy, 2015-2020 as under:

FTP
Paragraph
no.
Text added (New)
2.05(d)An IEC holder has to ensure that details in its IEC is updated electronically every year, during April-June period. In cases where there are no changes in IEC details same also needs to be confirmed online.
2.05(e)An IEC shall be de-activated, if it is not updated within the prescribed time. An IEC so de-activated may be activated, on its successful updation. This would however be without prejudice to any other action taken for violation of any other provisions of the FTP.
2.05(f)An IEC may be also be flagged for scrutiny. IEC holder(s) are required to ensure that any risks flagged by the system is timely addressed; failing which the IEC shall be deactivated.
 
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has anyone tried any successful ways to import other goods without attracting tax other than medical items after the recent relaxation of custom duties? I'm still figuring out ways to import ubiquity APs directly either via China or the USA as a gift and declaring them medical items such as oxygen flow meters and such.
 
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@varkey I need a monitor worth $500 from Amazon US. Will buy it some time in June/July. How to get the IEC? Is the IEC compulsory when getting via buyandship? If not, what would be the duty? I'm thinking of declaring the value of the monitor at $200 for saving on duty. Is that possible? Monitor is this one
 


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Excitel | BSNL
20 lb shipping weight for that unit, so 120 USD for shipping. Without IEC duty would be 41% or so, so 210 USD as duty. Comes to around 500 + 120 + 210, so 830 USD. Works to be around 62k.

With IEC the duty would be around 30% (need to confirm though, shows multiple customs tariff for monitor)

@JamesHolden25
 
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@varkey How did you get BuyandShip to use your IEC with the shipments? I don't see any option anywhere and when I contacted them they said this service is only for personal use so they cannot accept IECs.
 
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Bangalore | Ernakulam
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Excitel | BSNL
@kage I got the same response, but my IEC and other docs were already with Aramex cause of my previous shipments (non BuyAndShip). So it automatically gets cleared with my IEC.

Perhaps you can contact Aramex to get the IEC tagged to your KYC docs. I have a Aramex ShopAndShip account, that's how my IEC was first registered or tagged to my KYC docs.