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Board Mining support
Buying Antminer S9 from Bitmain.com
by
mvprajapati
on 15/10/2017, 06:47:14 UTC
Hello,
I am planning to start mining by Antminer s9. Currently, Bitmain.com is not shipping any product in India. So, my plan is to start mining from abroad. My friends from the US, Australia, Dubai and Singapore can help. I want to know customs duty and taxes in above-mentioned countries. Please share your experiences if you ordered from bitmain.com in these countries.
Any suggestions and guidance are appreciated.
thank you in advance.
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Board Service Discussion
Re: Buying Miners from Bitmain and Customs Duties in India
by
mvprajapati
on 15/10/2017, 06:03:56 UTC
Quote from: CoinAgeConsult on August 16, 2017, 10:15:44 AM

Hell i got goosebumps while reading your experience. Sure its a nightmare. I can't thank you enough dear friend for sharing your experience. I have ordered the 2 X Antminer D3s in 2 separate orders and 1X APW3++ from Bitmain. Now i have to run for the IEC before the shipment is sent.
Thanks again.

Please share the customs clearance procedure if you received your shipment or will receive.
thanks in advance.
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Board Service Discussion
Re: Buying Miners from Bitmain and Customs Duties in India
by
mvprajapati
on 15/10/2017, 05:55:05 UTC
Quote from: funkey29 on February 26, 2017, 01:41:46 PM
The total value on Invoice copies of Miners including shipping cost is 12005.43 USD (5x1445 + 2x1445 + 1x1378 + shipping cost), going by the amount of Duty fee I paid for the power supply units, I'm sure the duty fee for the miners will be more than 2,65,000 INR and have to see if they'll fine anything extra. I will update this thread when Duty fee on the Miners is calculated.

at last how much how much did you pay?
As now, according to my findings, taxes are:
customs duty is 10%
GST is 18%

suppose product cost= X
so, the amount will be:
X + shipping + 0.10X (customs) + 0.18(1.10X) (GST)
= 1.298X + shipping (29.8% extra from original amount)

so, you are right, % of duties and tax might be sum up around 30%

this is again my assumptions, please let us know how much did you pay?