What is the procedure to be followed to impor Altminers to India - Legal

Chan8

sr. member

Activity: 378

Merit: 250

Quote from: webkuteer on October 23, 2017, 02:18:52 PM

Dear friends

I am from india,

I am planning to import 2 altminers from US. Can anyone guide me the legal procedure involved to import the altminer to india.

What will be the import duty tax?

thanks in advance

Srinivas

Hmm, im sure there are alot of threads regarding importation of bitcoin miners into india. I would suggest you find out more or ask your customs office before making this purchase.
Here is a thread that you can read through,

https://bitcointalksearch.org/topic/import-s9-antminer-in-india-2285987

Bitmain stopped importing hardware to india, im sure theres a reason for this.
So lets hope your U.S seller knows how he will be shipping your hardware.
So goodluck, hope everything works out for you.

Emoclaw

sr. member

Activity: 420

Merit: 251

From what I've seen, Bitmain ships the Antminers using DHL, which is a courier company.
Assuming that the Antminers fall under the 'Electronics' category during customs declaration, you'll have to pay a customs duty fee of 28.852% of the total value of both Antminers combined.
In addition to that, DHL (or any courier company such as FedEx, UPS) will charge you extra fees for the customs duty declaration, those vary by country but trust me they're nothing good.

You should at least be prepared to pay for the price of 3 of them.

webkuteer

newbie

Activity: 1

Merit: 0

Dear friends

I am from india,

I am planning to import 2 altminers from US. Can anyone guide me the legal procedure involved to import the altminer to india.

What will be the import duty tax?

thanks in advance

Srinivas

Topic: What is the procedure to be followed to impor Altminers to India - Legal (Read 207 times)