Step 1
Start with product value.
Step 2
Add freight and insurance.
Step 3
Apply customs duty where applicable.
Step 4
Add IGST and delivery charges.
Seekho Finance India
Import Cost Breakdown
An imported product can include foreign price, shipping, insurance, customs duty, IGST and platform charges.
Beginner summary
Import Cost Breakdown explained simply
This page explains Import Cost Breakdown under Finance tools. It tells what the idea means, who controls it, what a user should check, and why it can affect real life money decisions.
Check the source
Look for the rule, rate, date, financial year and whether the number is an estimate or actual data.
Know who controls it
The controller may be RBI, Centre, State, GST Council, tax department, banks or local bodies.
Understand the impact
The topic may affect prices, tax, loans, public services, business cost or family budget.
Related learning