Trade words
Basic customs duty
The main import duty in India. Each 8-digit code has its own rate, usually a percentage of the assessable value. Rates come from the Customs Tariff Act and CBIC notifications.
Set by Finance Ministry, published by CBIC
Lesson 54 min readChoosing a product and finding its HS codeHow to find your product's 8-digit HS code, why the exact code decides its duty and rules, and what to do when two codes seem to fit.
Lesson 95 min readCustoms duty: BCD, SWS, IGST and AIDCThe duties on an import into India, the order they are worked out in, how exemptions and trade deals lower them, and which part you can claim back.Trade Academy is education, not legal, tax or customs advice. Rules and rates change by notification: check the live source, or ask a licensed customs broker, before you act.