Can individuals apply for IEC?
So we say buy an and item from states and ship it through DHL /or any other shipping company, can we do it through this procedure. Just providing IEC.? AND also adding a 18% gst to that said amount?Amazon and NewEgg delivers the item customs cleared in India. The final charge shown is inclusive of the duty.
Anyway to answer your question, probably not. But if you get an item by DHL or any courier, they you can.
What do you mean by adding actual customs cost..? Is it the 48 or 42 % you told earlier?With most medium sized packages now subject to customs duty, I was thinking that I could get say packages from AliExpress shipped to Hong Kong and get it forwarded from there through Aramex ShopAndShip. Costs 10 USD plus GST for a 500 gram package. With an IEC I get the item cleared at the category wise duty, based on the actual invoice I submit. A router or minipc for example has only 18% GST (as the duty). Even if you add the forwarding cost and actual customs duty, for relatively higher value item, it would turn out to be cheaper to import it this way, rather than the much slower regular mail.
So where should we provide this info? And what if the item is weighing more than say 500gms?
So we say buy an and item from states and ship it through DHL /or any other shipping company, can we do it through this procedure. Just providing IEC.? AND also adding a 18% gst to that said amount?
What do you mean by adding actual customs cost..? Is it the 48 or 42 % you told earlier?