Import tariffs and duties for products sourced from India vary depending on the specific product and its Harmonized System (HS) code. However, in general, the average applied tariff rate for imports into India is around 13.8%. The basic customs duty (BCD) is the main import tariff, and it ranges from 0% to 100%. The BCD is determined by the HS code of the product and the country of origin.
In addition to the BCD, there are a number of other taxes and duties that may apply to imports into India. These include:
- Social Welfare Surcharge: This is a 10% surcharge on the BCD.
- Integrated Goods and Services Tax (IGST): This is a 5% to 28% tax on the value of the imported goods, plus the BCD and social welfare surcharge.
- Additional Customs Duty (ACD): This is an additional tax that may be levied on certain goods, such as automobiles and alcoholic beverages.
- Anti-Dumping Duty (ADD): This is a duty that may be imposed on goods that are being dumped into the Indian market at below-fair-value prices.
- Countervailing Duty (CVD): This is a duty that may be imposed on goods that are subsidized by the exporting country.
It is important to note that the specific import tariffs and duties that apply to a product can be complex and may change over time. Therefore, it is advisable to consult with a customs broker or trade advisor to determine the exact import costs for a particular product.
