If you had ever imported electronic good into India you might be fully aware of the custom duty limit – it was Rs. 2000 ($30) well here is some good news (if it is true), as per notification issued by Minster of Commerce the custom duty limit has now been increased from Rs. 2,000 to Rs. 50,000.
No Custom Duty for electronics items imported into India priced up to Rs. 50,000
What this means is that earlier if you had imported a $50 handset you would have to pay custom duty that comes to about 41% depending on the assessment by the custom officials. But now (as per this source) you will be able to import electronic items (mobiles, tablet etc) up to Rs. 50,000 – without having to pay any custom duty.
If this is true then this is definitely good news as consumers will be able to buy good devices from International online stores, they don’t have to worry about paying the custom duties as long as the product value is under Rs. 50,000.
The step will also totally wipe out corruption, as most of it happens for values under Rs. 50,000. You can now import goods into India (Mobiles, Tablets etc) for up to $745 without having to pay the custom duty.
Update : Customs still following older rules, you need to pay custom duty for anything above $30.