You can buy gadgets cheaper than the showrooms if the value of the product is below Rs 50000/-  A new Govt. Notification allows you to import it without extra duty.

You get cheaper online because online companies procure from different sources. They import electronics goods from different countries.

Recently there is a Govt. notification by which they have increased the limit of importing goods into India from Rs 2000 to Rs 50000/- without the extra flat duty of 41.492%

Whenever you import any goods into India you have to pay Customs Duty at the port of entry. In case you bring any product along with you please do not try to exit from the green channel. You have to pass through the red channel and declare whatever you are bringing along with you. You have to pay the Customs Duty for it if you are authorized to bring it in India. In case you import through courier or buy online from a foreign portal, the courier companies shall have to pay the customs duty on your behalf. Courier company shall release the goods to you if you make all the payment of the product as well custom duty.

We are giving a chart here below which tells you about the tariff of Customs Duty on different products while importing into India. This gives you the idea about how much customs duty you have to pay, and to calculate the actual cost of the product after paying the duty.

Chart up to date 1st March 2015 :

[table]
Category / Product to Import, Total Duty Rate
“Laptops, Notebooks, Computers”, 14.71%
“Tablets, iPad”, 28.85%
Laptop Battery, 23.85%
“iPod, Music Players”, 28.85%
Hard Disk (internal), 6.30%
Hard Disk (external), 14.71%
Web Cameras, 28.85%
Computer Processor, 6.30%
Internet Modem, 14.71%
Software CDs and DVDs, 10.30%
Computer Printers, 14.71%
Electronics, 28.85%
Other Computer Peripherals, 14.71%
Cables and Wires, 23.85%
Television Sets (TV), 28.85%
“Movie CDs, DVDs and Blue Ray”, 28.85%
Video Games and Game Consoles, 28.85%
Mobile Phones, 18%
Phone Accessories, 28.85%
Digital Cameras and Video Camcorder, 28.85%
Camera Lens (Photography), 28.85%
Sports Equipment, 14.71%
Hand Watches (Wrist Watches), 28.85%
Sun Glasses, 28.85%
Apparel (Clothes), 28.85%
Fashion Accessories, 28.85%
Artificial Jewellery, 28.85%
Books (Educational), Free (No duty)
Car Parts, 28.85%
Toys and Games, 28.85%
Stationery Items, 28.85%
Cosmetic Goods, 28.85%
Kitchen and Dining, 28.85%
“Food Supplements, Body Building”, 28.85%
Medicine, 28.85%
[/table]

How to calculate Customs Duty?

Whenever you bring any product along with you, you should keep an invoice for it to show it to the customs officers if they ask for it. The customs duty is not charged on the basis of the invoice, because you can bring the undervalued invoice. It is calculated on the basis of the assessed value. We can explain it more elaborately by giving an example :

Suppose you have bought a laptop from Amazon.com (USA) and you have asked them to ship the product to India. The price of the Laptop is US$ 400. The customs officer may assess it as US$ 500 as per their norms and the DGFT guidelines. That way you have to pay the customs duty @ 14.712% on US$ 500 and not on US$ 400, what is mentioned in your invoice.

Prevailing buying rate of the US dollar may further vary the net price of the product purchased.

Please don’t get upset if I tell you that there are other charges too.  You have to pay the shipping fee, CVD (Countervailing Duty) , MCH (Material handling Charges), CESS and Service Tax for importing a product into India. If you are buying from Amazon USA, there is an Amazon Global service where they work out the import charges and pay the same on your behalf.

Books do not attract any custom duty if you get it as a gift. You can import books limiting the maximum value upto Rs 10000/-

Guys! whatever you bring from abroad, you can even buy in India that too at almost the same price at Amazon.in with Amazon Free Coupons India.  You buy perfumes, bags, clothing or anything.

Check out ‘No Customs Duty on Consumer Electronics‘.

The post Buy Electronics Products Cheaper than Online in India appeared first on Cashfry Blog.

Freedom251 did a lot of advertisement for smartphone @ Rs 251/- only.  They had a website named freedom251.com which is being redirected to ringingbells.co.in.  The freedom251 domain was booked in February 2016. There were full-page advertisements in The Times of India, Dainik Bhaskar, and other newspapers.

If they had spent money on such an expensive advertisement they should have at least maintained a small call center to attend queries.  They should have kept everything crystal clear online. How many people have got Freedom251 mobilNobody? Nobody knows. If we see the statistical data of google search for  Freedom 251, there were 30.6 million hits to Freedom251.com only in the month of February this year 2016.  There is a regular search of about 3 lacs every month.  RingingBells is also being searched to the tune of 70k every month.  There is no news of distribution of Mobile sets as of now.  They should build trust and put their names and their social links, contact details online.  Please see the comments on Freedom251info.com.   How people are frustrated!  Check out the Tweets about Freedom 251.

Ringing Bells had launched another phone ‘Champone’ for Rs 501 and built another website Champ1India.com which is not working now.  You can checkout Specifications of Champone online but nothing more than this about the phone.  They have introduced ‘Elegant’ instead, at ringingbells.co.in.  If you click ‘buy now’ button at Ringing Bells for this new phone Elegant, it will give you the option to join RB Loyalty Program.  Please see the program.  It looks like some MLM website.

If we see the future of MLM websites, that has gone zero after ‘SpeakAsia’.  There are sites like ‘Amway’ and ‘Forever Living Products’ which are surviving in India.  Both websites are foreign websites. They keep everything transparent online and easily understandable.  RingingBells is old wine in a new bottle.  It is only quantum-based or says on the basis of mass sale. That is why they gave full-page ads in the newspapers.  But they never knew, the huge mob would reach at their office in Noida to buy the phone directly by paying Rs 251/-

We are looking forward that Ringing Bells may distribute the Freedom251 mobile phones to the people who paid for it.  Otherwise, nobody would rely upon such sites, MLM types.

Be careful Guys in future!

In case you want to buy a Smartphone at the cheapest and the Lowest Price you must buy at Flipkart.com.  Flipkart offers Flipkart Discount Coupons by which you can save a significant amount by getting discounts.

Check out Letsbuy bought by Flipkart.

The post Freedom 251 to Champone »» Just Ringing Bells appeared first on Cashfry Blog.

Letsbuy.com was founded by Amanpreet Bajaj, Hitesh Dhingra in 2009. They had planned to build Letsbuy as one of the largest online retailers of branded computer technology and digital lifestyle products. They had more than 5000 products from top international and domestic brands.  They were buying every new gadget which was being launched in the market.

They had a simple business philosophy that one should deliver the exact product at the exact time. They had associated directly with the major brands because consumers get special deals and offer time to time. They had always kept things very crystal clear. They offered the right products along with the current prices, availability, reviews and ratings.

They had a clear vision to help customers to save their time and money. That is why they were maintaining the account of each customer and sending them the offers as per their exact needs. They had 24×7 customer care services to understand customers’ requirements and problems completely; so that they may fulfill their needs and resolve their problems.

Acquisition by Flipkart :

Flipkart acquired Letsbuy on February 9, 2012.   As everybody knows the acquisitions in e-commerce are made to widen the infrastructure and to increase the customer network. The other effect is that the competition is also eliminated from that particular outlet. After a few months, Flipkart merged Letsbuy and taken over the advantage of the customer base of Letsbuy.  All the traffic was diverted to Flipkart.

Flipkart is the Top Shopping Store.  You can buy Smartphones, Fashion Clothing, Appliances at discounted rates with Flipkart Coupon Code for New User.  In computer brands, Apple is the Best.

The post Finally Dr. Flipkart.com declared patient Letsbuy.com dead appeared first on Cashfry Blog.