Vat calculation on imported goods/products

Discussion in 'Mahavat' started by naina, Mar 13, 2014.

  1. naina

    naina Member

    We have a query regarding Import of Goods (Consumers Goods) Laptop Bags to be specific. We are importer based in Navi Mumbai & are interested in Importing Laptop Bags. We are aware of the Import Duty Structure. We intend to sell the bags in Navi Mumbai & Mumbai region initially. However we require clarity regarding VAT & other Local Taxes (Like Octroi) which are applicable on such Laptop Bags. We will be conducting a small research which will give us a fair idea of the market. However we require some clarity on the calculation/rate of VAT & other Local Taxes. We intend to introduce the products in Navi Mumbai & Mumbai area also including Thane. We would like to know what is the calculation/ rate for VAT on Laptop Bags & Octroi Rate applicable. When is Octroi calculated & on what amount is octroi calculated. We also need some clarity on Octroi and its applicability in Mumbai Region & whether or not in Navi Mumbai. As far as our knowledge we believe Octroi is not charged in Navi Mumbai but a 1% cess is levied on sale amount in Navi Mumbai. We will be grateful & appreciate your help.

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