What is custom duty applicable on products imported in India and exported from India?
In India there are different types of duties applicable on import. This includes Basic duty, Countervailing duty, Cess & Surcharge, Antidumping duties, etc. To understand import duty applicable on a product, one needs to identify the ITC-HS code (Indian Trade Classification based on Harmonized System of Coding) of the product. It could be then calculated how much import duty is applicable on a product. Some Indian government websites gives the information about import duties. Business Access India also offers calculation of import duty for different products. However, this excludes the restricted list of products.
