Import Duty On Goods

 

IGST on import of goods

When is IGST applicable?

IGST full form is the Integrated Goods and Services Tax. IGST became law in 2017, and is an aggregate tax pulling in several older tax types. This makes calculations simpler, saving traders time, and improving payment accuracy. Under IGST, taxes must be paid on interstate shipments and imports according to the IGST rate for the specific goods being shipped. IGST is paid to the end-point state for any goods - or services - being imported into India.




How to pay custom duty in India?

You can pay Indian import duty online easily through ICEGATE. Here’s how:


Go to the ICEGATE e-payment portal

Log in using your ICEGATE credentials, or enter your import/export code

Click on the e-payment option

Check the payments outstanding in your name - these are shown as e-challans, electronic payment demands

Choose which challan you want to pay, and click to select the payment method

You’ll be redirected to the bank you select to process payment

Once you have followed the bank’s online prompts to pay, you’ll be redirected back to ICEGATE

Print your payment receipt, and save to your records




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