Hi, Can anyone of u clear some of my doubts? Next month I would be shipping some gifts to my family and I don't what taxes and duties do I have to Pay I would be shipping 5 wrist watches, total declared value for those watches would be $1200-$1300.
- Please guys tell me how many, how much, and what types of taxes (General Sales Tax, Federal Excise Duty, Value Addition Tax, etc etc) do I have to pay and with what percentage also how much customs duty do I have to pay? I went through Customs Tariff and for watches the customs duty was declared as 10% but I am not sure. Someone told me that they might charge 100 or 200% tax/duty on watches.
- Also tell me how can I insure my package? Can I insure my packages which costs $1200-$1300 if I ship it from USA with DHL, FedEx or UPS?
I would be glad if anyone of you would help me regard this please? I am very tensed