Import Duty on Swiss Watches in India Tariff Rates & Compliance
Import Duty on Swiss Watches in India: Everything You Need for Accurate Duties, Correct Classification, and Smooth Customs Clearance
Get Accurate Watches Tariff Rates Instantly
IndiaTypes of Customs Duties
Instantly calculate Watches import duty from Switzerland to India and total landed costs using real-time official government data.
Basic Customs Duty
Social Welfare Surcharge
Integrated Goods and Services Tax
Importing watches from Switzerland into India involves a structured customs framework primarily based on the assessable value of the goods. The total landed cost is determined by the cumulative application of Basic Customs Duty, Social Welfare Surcharge, and Integrated GST. While India and EFTA (including Switzerland) have signed a trade agreement (TEPA), standard rates often apply until full implementation phases are completed.
| Duty/Tax Type Name | Standard Rate or Rate Range |
|---|---|
| Basic Customs Duty (BCD) - Ad Valorem | 20% |
| Specific Duty | N/A |
| Compound Duty | N/A |
| Section 301 Duties | N/A (US Specific) |
| Antidumping Duty | Not currently applicable to Swiss watches |
| Excise Duty | N/A (Subsumed by GST) |
| Merchandise Processing Fee (MPF) | N/A (US Specific) |
| Harbor Maintenance Fee (HMF) | N/A (US Specific) |
| Social Welfare Surcharge (SWS) | 10% of BCD |
| Integrated GST (IGST) | 18% |
- Basic Customs Duty (BCD): An ad valorem tax calculated on the CIF (Cost, Insurance, and Freight) value of the watch, generally set at 20%.
- Social Welfare Surcharge (SWS): A 10% levy calculated specifically on the amount of the Basic Customs Duty rather than the total value.
- Integrated GST (IGST): A value-added tax of 18% applied to the sum of the assessable value, BCD, and SWS.
- Trade Defense Duties: Measures like Antidumping or Section 301 are not currently active for Swiss horological products entering the Indian market.
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