What is the excise/customs tax levied on musical instruments bought from US and parcelled to India?
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Im buying a guitar pedal worth 15000 and getting it delivered to india via fedex. What will be the tax levied on it?
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Answer:
If the price you have stated is IRS equivalent,(i.e.e USD=Rs,15000) and you have purchased while on visit abroad and the same is being despatched as un accompanied baggage, there will not be any customs duty. Your stay abroad has to be more than 7 days. There will be octroi duty depending up on the place of delivery in India.
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