Mrs. Nandini, an Indian resident who was on a visit to London, returned after 45 days. She was carrying with her the following items: S. No. Particulars Amount (₹) (i) Personal effects 80,000 (ii) Laptop computer 75,000
CS Professional · Advanced Tax Laws · PYQS · December 2022
Mrs. Nandini, an Indian resident who was on a visit to London, returned after 45 days. She was carrying with her the following items: S. No. Particulars Amount (₹) (i) Personal effects 80,000 (ii) Laptop computer 75,000 (iii) Jewellery-30 grams (Purchased in London) 1,30,000 (iv) Music System 60,000 Compute the customs duty payable by Mrs. Nandini with reference to the Baggage Rules, 2016.
Answer & Explanation:
Computation of customs duty payable by Mrs. Nandini Particulars Amount (₹) Personal Effects [Duty free clearance is allowed] Nil Laptop Computer [One laptop computer is exempt when imported into India by a passenger equal to or more than 18 years of age] Nil Jewellery [Duty free jewellery allowance is not available to Mrs. Nandini since she did not reside abroad for more than 1 year] 1,30,000 Music System 60,000 Total Value 1,90,000 Less: General duty free baggage allowance 50,000 Value of baggage liable to customs duty 1,40,000 Customs Duty @ 38.50% (including social welfare surcharge) 53,900
Topics: Customs Act
Related Questions in this Topic
- Compute the amount of Duty Drawback under section 74 of the Customs Act, 1962, the following independent cases: Dashing ...
- Compute the amount of Duty Drawback under section 74 of the Customs Act, 1962, the following independent cases: Jai Ente...
- Vinit Overseas Ltd. of New Delhi has imported a machine from U.K. (England) by vessel. The details of the import transac...
- Ascertain whether the exporter is entitled to duty drawback in the following independent cases and if yes, what is the q...
- Ascertain whether the exporter is entitled to duty drawback in the following independent cases and if yes, what is the q...