How to calculate custom duty in india

To calculate custom duty in India, follow these steps:

• Determine the CIF value by adding the product cost, insurance, and freight charges.
• Identify the correct HSN code to find the applicable Basic Customs Duty (BCD) rate.
• Calculate BCD as a percentage of the CIF value.
• Add a Social Welfare Surcharge (SWS), typically 10% of the BCD.
• Apply Integrated Goods and Services Tax (IGST) on the sum of CIF value, BCD, and SWS.

The total duty is the sum of BCD, SWS, and IGST. You can use the ICEGATE portal for precise calculations.