I am unable to pay the heavy amount of custom duty - now what will happen to that parcel? [closed]

There is one parcel I wish to send from Lebanon weighing 87 kg for which Customs is asking for INR 125,000 (~USD 2k) in duty.

I don't have this amount, what will happen now?

india

Best Answer

Custom rules are different in different countries and you'll have look for your countries custom clearance rules. For most of the countries, in such situation, where there's no one to claim the package (claim = paying custom duty), such packages are auctioned to general public. The probable best solution would be to wait for the next custom auction in your country where you can get this package for a lower duty.

I hope this helps.

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What is the due date for payment of custom duty?

Payment of duty. - (c) for goods corresponding to Bill of Entry returned for payment from 16th day till the 31st day of March, the duty shall be paid by the 31st March".

Can you recover customs duty?

The bad news is that unlike VAT, CUSTOMS DUTY CAN NOT BE RECLAIMED.

How do I reduce custom duty?

There are opportunities to reduce the impact of customs duties by analyzing areas such as:

Free Trade Agreements and special trade programs.

\u201cSubstantial Transformation\u201d

Deduction of certain costs (ocean freight, containerization, international insurance)

\u201cFirst Sale\u201d rule (price from manufacturer)

What You Should Do After Your Parcel Stuck In Customs And How To Avoid It

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