While everyone can have their opinion about the budget 2013, yours might change after reading this post, especially if you shop online frequently. Previously a customs broker was required to clear out your parcels from the customs if the total amount was greater than Rs10,000 - (Read here and here). The Minister of Finance, Xavier Duval announced the following on the 9th October 2012, I quote:
Recourse to the services of a custom broker is presently required to obtain delivery of articles imported by post or courier services if their value exceeds 10,000 rupees. I am raising this limit to 30,000 rupees.
What does this mean?
You won’t be required to hire the services of a customs broker unless your item is over Rs30k!!!
You can easily save from Rs1,000 to Rs3000 when purchasing mobiles, laptops, camera equipment and so on. But please remember that refurbished or used items need special permits from the Ministry of
Labour Commerce. Also, equipment with wireless communications need another permit from the ICTA. You can read more here.
Another budgetary measure :
Customs duty and VAT exemption will apply on the first Rs 2,000 of the import value of the goods, instead of Rs 1,000. Such exemption does not apply to imports for sale, alcohol, tobacco products and illicit goods. This change will take effect immediately.
Items can be bags for example.
Today, I spent quite some time on the phone to get these confirmed. Neither the central postal office nor the MRA Tariff Unit could officially say whether both of the budgetary measures will be effective immediately and put into practice immediately as announced.
You are the most welcomed to share any further related information here. And please, do read the previous article (here and here) before asking any questions or sending me mails. Most often, I have to ignore many mails because I wrote and discussed everything on the related posts.
Keep tuned and long live online shopping!
Thanks for reading!