Customs Duties on Manuka Honey Import into India in 2024
Customs Duties on Manuka Honey Import into India in 2024
As of the latest updates in 2024, Manuka honey imported into India is subject to customs duties and import regulations. The process of importing Manuka honey involves several critical steps, including the appropriate classification and the application of duties such as the Basic Import Duty (BID) and the Integrated Goods and Services Tax (IGST). Understanding these requirements is essential for importers looking to comply with Indian customs regulations effectively.
HS Code and Classification
The Harmonized System (HS) Code used for Manuka honey in the Indian context is 09021020. This code is crucial for the classification of the product and the application of the correct import duties. The HS Code 09021020 is used in at least two recent records of import data, indicating its relevance for current import procedures.
Import Duty and GST
Manuka honey import into India post-GST includes the application of Basic Import Duty (BID) and IGST. The Basic Import Duty is based on a percentage of the value of the goods, while IGST combines the central and state GST rates into a single levy. This combined levy ensures a more streamlined process for importers to comply with tax obligations.
Understanding the Duty Rates
For the most accurate and up-to-date information on Manuka honey import duties, importers should refer to the latest notifications from the Indian Customs Department or consult a customs broker. Since customs regulations and duties can change frequently, it is vital to stay informed about any updates or changes to ensure compliance. The table below provides a summary of the current duty rates:
Import Duty IGST Total GST 10% of the value of the goods (BID) 28% of the value of the goods (18% Central GST 12% State GST) 38% of the value of the goods (28% IGST)Compliance and Documentation
Compliance with customs regulations requires thorough documentation. Importers must provide the necessary documents such as the Bill of Lading, Commercial Invoice, and Packing List. Additionally, the importer may need to submit various other documents such as the Health and Sanitation Certificate and other relevant certification documents, depending on the specific requirements of the Indian Customs Department.
Latest Notifications from the Indian Customs Department
For the most accurate and current information regarding import duties and regulations for Manuka honey, it is recommended to consult the latest notifications from the Indian Customs Department. These notifications can be accessed through the official website or by contacting a customs broker who specializes in Indian customs regulations. Regularly checking these resources ensures that importers are up-to-date with any changes in customs duties and requirements.
By staying informed and adhering to the latest customs regulations, importers can efficiently and legally import Manuka honey into India. This not only ensures compliance but also facilitates a smoother import process and avoids potential penalties or delays.
Contact Us
For any inquiries or assistance regarding Manuka honey import into India, feel free to contact our customer support team. We are here to provide you with the necessary guidance and support to ensure a hassle-free import experience.
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