Business Opportunities in Agriculture: 150 Field Interviews (Book)

Custom Duty on Importing Agricultural Machinery and Equipment

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rahullsud

New Member
Does anybody know.... what kind of custom duty one has to pay to import agricultural machinery or equipment from abroad.... to my knowledge its only 5%.....please advice......
 

Business Opportunities in Agriculture: 150 Field Interviews (Book)

Ashwini

New Member
Hii,
machineries costing more than Rs.10000 are always chargeable to duty. If the importer does not want to deposit duty he can also give a Bank Guarantee from a reputed bank. The amount of deposit or Bank Guarantee would be 110% of the duties leviable on the goods.



for detailed information you can contact the nearest customs office.


Regards
Ashwini
 

Business Opportunities in Agriculture: 150 Field Interviews (Book)

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