How to calculate customs duty in India on used items . . .
In case a person knows the rate of duty for a particular item, it’s easy to calculate the duty that will be charged. However, for used items the value is determined by allowing depreciation on a yearly basis. Normally depreciation would be calculated as:
First year depreciation @ 16%2.
Second year depreciation @ 12%3.
Third-year depreciation @ 10%
Hence, for an item that is four years old, the price works out to the new item price less 38%.
Drones NOT allowed to be Imported into India under Transfer of Residence.
Due to security concerns, India no longer allows passengers to carry Drones to India. Effective April 1, 2016. Indian Customs Declaration Forms have been revised and Drones are on the prohibited list and not duty free.
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