Team-BHP - View Single Post - Buying a Flat Panel Display (LCD/Plasma/LED etc)

VSG12777 · 24th November 2008, 15:28

Hi guys

One of our forum members netarchie had mentioned sometime in July 2008 that he had brought the latest Samsung Series 6 LCD - 32 inch from Bangkok and it cost him INR 42k. However no details on duties paid etc were given.

I would like to know now whether it is worth it buying a plasma from Singapore / Bangkok etc where electronics are cheaper and bringing it into India.

I find from the Customs website that for a passenger above 10 years of age who returns from a stay abroad of 3 days or more, the duty free allowance is INR 25k, in addition to a laptop which can be brought in duty free. The duty applicable for any item which exceeds the duty free allowance of 25k, is 37.5% of the amount that exceeds the duty free limit.

Eg If I buy a plasma tv from Singapore for INR 100k, 25k out of this is duty free. So 37.5% is charged as duty on the remaining 75k, which amounts to around 28k. So in essence for a product worth 100k, we would be totally paying 128k for it. This 28k works out to around 28-30% of the full cost of the item.

Now obviously this would be worth it only if the product is cheaper to bring in, despite paying the duties. Eg if the 100k plasma is being sold here for say, 150k or 175k, it still works out cheaper for us to buy it outside and bring it in with duties.

Please give your views on this issue along with any website links to prices of these items outside etc so that we can check and compare the prices with Indian prices. As of now, only US/UK prices are easily available on the internet.

Look forward to your responses guys !!

RoC, I definitely await some useful information from you

Warm regards,
Venkat

24th November 2008, 15:28	#2095 (permalink)
VSG12777 BHPian Join Date: Sep 2006 Location: CHENNAI Posts: 153	Is it worth bringing a new LCD/Plasma in from overseas ? Hi guys One of our forum members netarchie had mentioned sometime in July 2008 that he had brought the latest Samsung Series 6 LCD - 32 inch from Bangkok and it cost him INR 42k. However no details on duties paid etc were given. I would like to know now whether it is worth it buying a plasma from Singapore / Bangkok etc where electronics are cheaper and bringing it into India. I find from the Customs website that for a passenger above 10 years of age who returns from a stay abroad of 3 days or more, the duty free allowance is INR 25k, in addition to a laptop which can be brought in duty free. The duty applicable for any item which exceeds the duty free allowance of 25k, is 37.5% of the amount that exceeds the duty free limit. Eg If I buy a plasma tv from Singapore for INR 100k, 25k out of this is duty free. So 37.5% is charged as duty on the remaining 75k, which amounts to around 28k. So in essence for a product worth 100k, we would be totally paying 128k for it. This 28k works out to around 28-30% of the full cost of the item. Now obviously this would be worth it only if the product is cheaper to bring in, despite paying the duties. Eg if the 100k plasma is being sold here for say, 150k or 175k, it still works out cheaper for us to buy it outside and bring it in with duties. Please give your views on this issue along with any website links to prices of these items outside etc so that we can check and compare the prices with Indian prices. As of now, only US/UK prices are easily available on the internet. Look forward to your responses guys !! RoC, I definitely await some useful information from you Warm regards, Venkat __________________ Daewoo Cielo GLX M/T 1998 Hyundai Santro XO Limited Edition 2007 Bajaj Avenger 200 2008 Kinetic SYM Flyte 2008