471. Customs duty when transferring residence to India from abroad . . .

Questions: Hi, I have been NRI for the last more than 17 years and I am Indian Citizen. I would like to go back to India for permanent settlement. I would like to take my personal belongings such as TV, Home Theatre, Fridge, Tread Mill, Car (Owned for more than 3 years), furniture. Please let me know the custom duty aspects. Rgds Prasad Answer: When you return to India for permanent settlement, you should take advantage of the transfer of residency rules applicable for customs duty as they will allow you to take many household items duty free or at a reduced customs duty rate. More information on Transfer of residency is provided on this website and can be viewed at http://nriinformation.com/articles4/transfer_residence.htm The Indian Customs authorities also have a website that has loads of useful information for those planning on transfering their residence to India from abroad.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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471. Customs duty when

transferring residence to India from

abroad . . .

Questions: Hi, I have been NRI for the last more than 17 years and I am Indian Citizen. I would like to go back to India for permanent settlement. I would like to take my personal belongings such as TV, Home Theatre, Fridge, Tread Mill, Car (Owned for more than 3 years), furniture. Please let me know the custom duty aspects. Rgds Prasad Answer: When you return to India for permanent settlement, you should take advantage of the transfer of residency rules applicable for customs duty as they will allow you to take many household items duty free or at a reduced customs duty rate. More information on Transfer of residency is provided on this website and can be viewed at http://nriinformation.com/articles4/transfe r_residence.htm The Indian Customs authorities also have a website that has loads of useful information for those planning on transferring their residence to India from abroad.
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Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com