Customs Duty on LCD TV's in India - NRI?
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I live in the UAE and intend to take back an LCD screen for my family back home in India. The cost of the TV in the UAE should be approximately US $ 1000 (INR 40K). Can anyone please explain to me the customs duty that i might have to pay in India. Do NRI's have to pay customs duty for goods required for their family use; If yes, what is how much is the duty for LCD screen TV's; and How much is the basic limit (on which no customs duty is payable) for taking back electronics to India. Would appreciate if someone can give me early and accurate response. Thanks Ashish
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Answer:
Dude...even I am planning to take a 32" LCD (Bravia V Series) to India from Abu Dhabi...I checked the customs website..the limit is 25k, above that you have to pay at 37% duty..which for Rs 40k comes to around Rs. 4500
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