Title: Buying Miners from Bitmain and Customs Duties in India Post by: funkey29 on February 26, 2017, 01:41:46 PM Hello Friends,
I have ordered eight Antminer s9 units (7 units of 13.5 TH/s and 1 unit of 13 TH/s) and eight power supply units (APW3+-12-1600W,PSU..120 USD each) about a month back on the Bitmain website. The price of Antminer s9 with 13.5 TH/s was 1445 USD and the price of Antminer s9 with 13 TH/s was 1378 USD at the time of placing the orders on the Bitmain website. All the shipments have arrived in the last one week in different batches. I have placed three orders on Bitmain, 5 Antminer s9 (13.5 TH/s) and 5 PSU in my first order, 1 Antminer s9 (13 TH/s) and 1 PSU in my second order and 2 Antminer s9 (13.5 TH/S) and 2 PSU in my third order. I have spent a total of 14.5538 BTC including shipping. The BTC value at the time of my first two orders was between 901 to 904 USD and was about 981 USD at the time of my third order, but Bitmain took the BTC value for my third order as 917 USD only, I spoke to the Bitmain customer team about this, but they failed to give me a convincing reply and I didn't want to argue further. Anyway, the total value in USD on Invoice copies including shipping is 13226.73 USD. Although I have placed three orders, Bitmain has sent my orders in Six shipments, I asked Bitmain support team about this, they said miners and power supply units are shipped separately. Now, Coming to the customs duties in India, I had no idea about how these customs duties are calculated in India. I tried looking online and on bitcointalk, but couldn't find enough information on this. Somebody told me that I won't be charged more than 10 to 15%, this guy claimed he was charged that much only. But I was prepared for 20% in worst case. The total value on Invoice copies of power supply units including shipping cost is 1221.54 USD (5x120 + 2x120 + 1x120 + shipping cost), I was asked to pay a Duty fee of 26,771.35 INR including all taxes and handling fee from DHL. This amount is nearly 33% of the total value (i.e. 33% of 1221.54 USD). I had no other option but to pay, I paid the amount and received my power supply units. The Miners are not yet cleared by the customs. When I spoke to the DHL team, they said I will need an IEC and if I don't have one, a dummy IEC should be created and many other documents will be required and it will take more than 20 days for my miners to be cleared by customs and there can be a heavy fine as well. Then I got in touch with one of the DHL representatives, he said it will be better if I applied for an IEC and my shipments will be cleared much quicker. So, first I have to apply for an IEC, then get my IEC updated and to get this job done quickly, I should get a broker and pay him 5k INR to 10k INR. After all this is completed, the Duty fee on my Antminers will be calculated. 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. This is my first experience in importing and it has become a nightmare for me. I'm also not happy with Bitmain, I personally think that they should have done something to lessen the burden of taxes on their customers. I still don't understand why they have put the shipping charges on the Invoice, the least they could have done is to not include the shipping charges on the Invoice. I also feel that they should have mentioned the HS codes on the Invoice or somewhere instead of leaving that option to someone who doesn't know anything about these goods. May be I should just blame myself for not digging deeper in to all these before placing the orders. I hope this thread will help the Indian customers who're planning to buy Antminers from Bitmain and give them some idea about the Customs Duties in India. Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: leowonderful on February 26, 2017, 03:19:06 PM They really can't do much that isn't illegal to help out with customs duties, of course you will pay some but if you really want lowered fees just buy locally. It might be a little bit more costly but you wont have to worry about fees like these. If it was actually your first time you should've just ordered one miner to test how much the fees really would be if you wanted to buy more. Doing so all in one transaction is pretty risky seeing as you didn't know how much fees were.
Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: Nam3 on February 26, 2017, 09:04:40 PM Quote The BTC value at the time of my first two orders was between 901 to 904 USD and was about 981 USD at the time of my third order, but Bitmain took the BTC value for my third order as 917 USD only, I spoke to the Bitmain customer team about this, but they failed to give me a convincing reply and I didn't want to argue further. Anyway, the total value in USD on Invoice copies including shipping is 13226.73 USD. When you place an order, it'll show you the USD equivalent of BTC. Did you check that at the time of placing your order? BTC pricing is inconsistent, so if you haven't checked pricing at the time of placing your order and maybe checked it before or after that, it's possible that it was 917 and not 981. https://s11.postimg.org/q4y67za4j/usd_btc.png Quote Although I have placed three orders, Bitmain has sent my orders in Six shipments, I asked Bitmain support team about this, they said miners and power supply units are shipped separately. I haven't ordered from BitMain, but I think most shippers would do the same. They'll ship miner in one package and PSU in other. Quote Now, Coming to the customs duties in India, I had no idea about how these customs duties are calculated in India. I tried looking online and on bitcointalk, but couldn't find enough information on this. Somebody told me that I won't be charged more than 10 to 15%, this guy claimed he was charged that much only. But I was prepared for 20% in worst case. Yea, that's where things get tricky. I've been in a similar situation when I ordered my first SP20E. You've had a bad experience already, but just in case you plan to buy anything else in future, you can make use of this handy tool (http://www.borderlinx.com/en/shipping-cost-calculator) on BorderLinx website. At least, you won't have to trust some random guy. Quote This is my first experience in importing and it has become a nightmare for me. I'm also not happy with Bitmain, I personally think that they should have done something to lessen the burden of taxes on their customers. I still don't understand why they have put the shipping charges on the Invoice, the least they could have done is to not include the shipping charges on the Invoice. I also feel that they should have mentioned the HS codes on the Invoice or somewhere instead of leaving that option to someone who doesn't know anything about these goods. May be I should just blame myself for not digging deeper in to all these before placing the orders. Instead of blaming BitMain, you should really be blaming the Indian custom, government per say. BitMain isn't imposing taxes on you, the Indian government is. I'll list some of the crappy taxes they impose, for anyone who's interested in know about that.
I even had to visit the local sales tax office multiple times to get and fill some forms, which is again wasn't a pleasant experience for me. These guys need to make changes on multiple levels, but I've no idea when that's going to happen (if at all)... Anyways, last word; I think you shouldn't have ordered in bulk when you're not sure about how things work. What's done is done, so let's hope you'll get your machines in one piece and be able to mine to cover your losses. Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: unholycactus on February 26, 2017, 09:52:20 PM I'm glad you're sharing your story. This isn't exclusive to India and it applies to nearly everywhere in the world.
People tend to forget to total cost of ordering and owning miners, making their operation unprofitable. Looking at used and/or local equipment can help you mitigate those costs. Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: funkey29 on February 27, 2017, 01:56:19 PM They really can't do much that isn't illegal to help out with customs duties, of course you will pay some but if you really want lowered fees just buy locally. It might be a little bit more costly but you wont have to worry about fees like these. If it was actually your first time you should've just ordered one miner to test how much the fees really would be if you wanted to buy more. Doing so all in one transaction is pretty risky seeing as you didn't know how much fees were. That's right, I shouldn't have ordered in bulk without knowing everything. Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: funkey29 on February 27, 2017, 02:23:17 PM When you place an order, it'll show you the USD equivalent of BTC. Did you check that at the time of placing your order? BTC pricing is inconsistent, so if you haven't checked pricing at the time of placing your order and maybe checked it before or after that, it's possible that it was 917 and not 981 What I meant is, the BTC price at the time of placing my third order was about 981 USD, but it was not updated on the Bitmain website and I thought it was a technical error. When I spoke to the Bitmain customer team about this, they said the price gets updated every 10 mins on their website and many other orders were taken for 917 USD during that period. Although I wasn't convinced with their reply, I didn't want to argue further. Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: funkey29 on February 27, 2017, 02:31:00 PM I'm glad you're sharing your story. This isn't exclusive to India and it applies to nearly everywhere in the world. People tend to forget to total cost of ordering and owning miners, making their operation unprofitable. Looking at used and/or local equipment can help you mitigate those costs. Exactly, this is the reason I wanted to share my experience. Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: swapcool on April 22, 2017, 03:30:12 PM So what is the total cost Funky29?
How many % did you pay extra for a machine(Just approximate idea). I want to order a miner and I am in India. So looking forward to your help. I want to order a different Zcash miner ion India from US. Not the Antminer. Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: sh6690 on June 24, 2017, 08:36:55 AM OP please tell what the cost was in the end.
@NAM what was the final customs duty cost ? Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: harsharock on July 10, 2017, 03:26:03 PM Do we need IE code to clear customs?
Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: fonship on August 09, 2017, 09:53:56 PM Hello Friends, I have ordered eight Antminer s9 units (7 units of 13.5 TH/s and 1 unit of 13 TH/s) and eight power supply units (APW3+-12-1600W,PSU..120 USD each) about a month back on the Bitmain website. The price of Antminer s9 with 13.5 TH/s was 1445 USD and the price of Antminer s9 with 13 TH/s was 1378 USD at the time of placing the orders on the Bitmain website. All the shipments have arrived in the last one week in different batches. I have placed three orders on Bitmain, 5 Antminer s9 (13.5 TH/s) and 5 PSU in my first order, 1 Antminer s9 (13 TH/s) and 1 PSU in my second order and 2 Antminer s9 (13.5 TH/S) and 2 PSU in my third order. I have spent a total of 14.5538 BTC including shipping. The BTC value at the time of my first two orders was between 901 to 904 USD and was about 981 USD at the time of my third order, but Bitmain took the BTC value for my third order as 917 USD only, I spoke to the Bitmain customer team about this, but they failed to give me a convincing reply and I didn't want to argue further. Anyway, the total value in USD on Invoice copies including shipping is 13226.73 USD. Although I have placed three orders, Bitmain has sent my orders in Six shipments, I asked Bitmain support team about this, they said miners and power supply units are shipped separately. Now, Coming to the customs duties in India, I had no idea about how these customs duties are calculated in India. I tried looking online and on bitcointalk, but couldn't find enough information on this. Somebody told me that I won't be charged more than 10 to 15%, this guy claimed he was charged that much only. But I was prepared for 20% in worst case. The total value on Invoice copies of power supply units including shipping cost is 1221.54 USD (5x120 + 2x120 + 1x120 + shipping cost), I was asked to pay a Duty fee of 26,771.35 INR including all taxes and handling fee from DHL. This amount is nearly 33% of the total value (i.e. 33% of 1221.54 USD). I had no other option but to pay, I paid the amount and received my power supply units. The Miners are not yet cleared by the customs. When I spoke to the DHL team, they said I will need an IEC and if I don't have one, a dummy IEC should be created and many other documents will be required and it will take more than 20 days for my miners to be cleared by customs and there can be a heavy fine as well. Then I got in touch with one of the DHL representatives, he said it will be better if I applied for an IEC and my shipments will be cleared much quicker. So, first I have to apply for an IEC, then get my IEC updated and to get this job done quickly, I should get a broker and pay him 5k INR to 10k INR. After all this is completed, the Duty fee on my Antminers will be calculated. 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. This is my first experience in importing and it has become a nightmare for me. I'm also not happy with Bitmain, I personally think that they should have done something to lessen the burden of taxes on their customers. I still don't understand why they have put the shipping charges on the Invoice, the least they could have done is to not include the shipping charges on the Invoice. I also feel that they should have mentioned the HS codes on the Invoice or somewhere instead of leaving that option to someone who doesn't know anything about these goods. May be I should just blame myself for not digging deeper in to all these before placing the orders. I hope this thread will help the Indian customers who're planning to buy Antminers from Bitmain and give them some idea about the Customs Duties in India. you missed the climax man, what happened with miner duties and how much effort and time it took and which custom office you were dealing with? Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: bitcoinfuck on August 13, 2017, 12:12:26 PM thanks for telling this man, which state is yours ?
Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: CoinAgeConsult on August 16, 2017, 10:15:44 AM Hello Friends, I have ordered eight Antminer s9 units (7 units of 13.5 TH/s and 1 unit of 13 TH/s) and eight power supply units (APW3+-12-1600W,PSU..120 USD each) about a month back on the Bitmain website. The price of Antminer s9 with 13.5 TH/s was 1445 USD and the price of Antminer s9 with 13 TH/s was 1378 USD at the time of placing the orders on the Bitmain website. All the shipments have arrived in the last one week in different batches. I have placed three orders on Bitmain, 5 Antminer s9 (13.5 TH/s) and 5 PSU in my first order, 1 Antminer s9 (13 TH/s) and 1 PSU in my second order and 2 Antminer s9 (13.5 TH/S) and 2 PSU in my third order. I have spent a total of 14.5538 BTC including shipping. The BTC value at the time of my first two orders was between 901 to 904 USD and was about 981 USD at the time of my third order, but Bitmain took the BTC value for my third order as 917 USD only, I spoke to the Bitmain customer team about this, but they failed to give me a convincing reply and I didn't want to argue further. Anyway, the total value in USD on Invoice copies including shipping is 13226.73 USD. Although I have placed three orders, Bitmain has sent my orders in Six shipments, I asked Bitmain support team about this, they said miners and power supply units are shipped separately. Now, Coming to the customs duties in India, I had no idea about how these customs duties are calculated in India. I tried looking online and on bitcointalk, but couldn't find enough information on this. Somebody told me that I won't be charged more than 10 to 15%, this guy claimed he was charged that much only. But I was prepared for 20% in worst case. The total value on Invoice copies of power supply units including shipping cost is 1221.54 USD (5x120 + 2x120 + 1x120 + shipping cost), I was asked to pay a Duty fee of 26,771.35 INR including all taxes and handling fee from DHL. This amount is nearly 33% of the total value (i.e. 33% of 1221.54 USD). I had no other option but to pay, I paid the amount and received my power supply units. The Miners are not yet cleared by the customs. When I spoke to the DHL team, they said I will need an IEC and if I don't have one, a dummy IEC should be created and many other documents will be required and it will take more than 20 days for my miners to be cleared by customs and there can be a heavy fine as well. Then I got in touch with one of the DHL representatives, he said it will be better if I applied for an IEC and my shipments will be cleared much quicker. So, first I have to apply for an IEC, then get my IEC updated and to get this job done quickly, I should get a broker and pay him 5k INR to 10k INR. After all this is completed, the Duty fee on my Antminers will be calculated. 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. This is my first experience in importing and it has become a nightmare for me. I'm also not happy with Bitmain, I personally think that they should have done something to lessen the burden of taxes on their customers. I still don't understand why they have put the shipping charges on the Invoice, the least they could have done is to not include the shipping charges on the Invoice. I also feel that they should have mentioned the HS codes on the Invoice or somewhere instead of leaving that option to someone who doesn't know anything about these goods. May be I should just blame myself for not digging deeper in to all these before placing the orders. I hope this thread will help the Indian customers who're planning to buy Antminers from Bitmain and give them some idea about the Customs Duties in India. 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. Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: fonship on August 16, 2017, 01:01:36 PM Hello Friends, I have ordered eight Antminer s9 units (7 units of 13.5 TH/s and 1 unit of 13 TH/s) and eight power supply units (APW3+-12-1600W,PSU..120 USD each) about a month back on the Bitmain website. The price of Antminer s9 with 13.5 TH/s was 1445 USD and the price of Antminer s9 with 13 TH/s was 1378 USD at the time of placing the orders on the Bitmain website. All the shipments have arrived in the last one week in different batches. I have placed three orders on Bitmain, 5 Antminer s9 (13.5 TH/s) and 5 PSU in my first order, 1 Antminer s9 (13 TH/s) and 1 PSU in my second order and 2 Antminer s9 (13.5 TH/S) and 2 PSU in my third order. I have spent a total of 14.5538 BTC including shipping. The BTC value at the time of my first two orders was between 901 to 904 USD and was about 981 USD at the time of my third order, but Bitmain took the BTC value for my third order as 917 USD only, I spoke to the Bitmain customer team about this, but they failed to give me a convincing reply and I didn't want to argue further. Anyway, the total value in USD on Invoice copies including shipping is 13226.73 USD. Although I have placed three orders, Bitmain has sent my orders in Six shipments, I asked Bitmain support team about this, they said miners and power supply units are shipped separately. Now, Coming to the customs duties in India, I had no idea about how these customs duties are calculated in India. I tried looking online and on bitcointalk, but couldn't find enough information on this. Somebody told me that I won't be charged more than 10 to 15%, this guy claimed he was charged that much only. But I was prepared for 20% in worst case. The total value on Invoice copies of power supply units including shipping cost is 1221.54 USD (5x120 + 2x120 + 1x120 + shipping cost), I was asked to pay a Duty fee of 26,771.35 INR including all taxes and handling fee from DHL. This amount is nearly 33% of the total value (i.e. 33% of 1221.54 USD). I had no other option but to pay, I paid the amount and received my power supply units. The Miners are not yet cleared by the customs. When I spoke to the DHL team, they said I will need an IEC and if I don't have one, a dummy IEC should be created and many other documents will be required and it will take more than 20 days for my miners to be cleared by customs and there can be a heavy fine as well. Then I got in touch with one of the DHL representatives, he said it will be better if I applied for an IEC and my shipments will be cleared much quicker. So, first I have to apply for an IEC, then get my IEC updated and to get this job done quickly, I should get a broker and pay him 5k INR to 10k INR. After all this is completed, the Duty fee on my Antminers will be calculated. 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. This is my first experience in importing and it has become a nightmare for me. I'm also not happy with Bitmain, I personally think that they should have done something to lessen the burden of taxes on their customers. I still don't understand why they have put the shipping charges on the Invoice, the least they could have done is to not include the shipping charges on the Invoice. I also feel that they should have mentioned the HS codes on the Invoice or somewhere instead of leaving that option to someone who doesn't know anything about these goods. May be I should just blame myself for not digging deeper in to all these before placing the orders. I hope this thread will help the Indian customers who're planning to buy Antminers from Bitmain and give them some idea about the Customs Duties in India. 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. if its Nov batch i am also in same boat as you, i think any company which has IEC and you know, they can give their IEC for your order Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: mvprajapati on October 15, 2017, 05:55:05 AM 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? Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: mvprajapati on October 15, 2017, 06:03:56 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. Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: mr20807 on October 17, 2017, 09:03:34 AM I cannot even see India listed on the drop down menu of countries. :o I missed the July batch and now I have decided to order for the November batch.
Anyone having the same problem? Aren't they shipping to India this time? Assuming that you were able to order directly from bimain earlier. Should I opt for package forwarding services like Borderlinx, Aramex's Shop & Ship or similar? Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: vensilver on October 18, 2017, 08:24:36 AM I have order 2 D3 miners and my friend has ordered 3 D3 Miners.
we do not have a IEC number yet. Do we have to apply for two different numbers from our product. Since it comes in different billing address. Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: Ashishbstat on November 14, 2017, 06:54:31 PM Any idea if borderlinx will work?
Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: coolsv on December 27, 2017, 06:26:37 AM is anyone currently imported antminer s9 in India ? and is it clear by Indian customs ?
Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: spmbharani on January 12, 2018, 03:02:29 AM When everything from China is brought into india why not the miner ? Is it that much hard to bring in ? May be because of the recent hypes in past few months caused the customs to open their eyes to more money :D
Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: rattle99 on February 02, 2018, 11:09:43 AM Damn...
Such shitty Indian customs... Moreover, all government bodies are slow as hell. I was looking to buy from bitmain but sadly due to this nonsense I can't. Would have been nice if I could have been in Canada (0% customs :p) Title: Re: Buying Miners from Bitmain and Customs Duties in India Post by: pnbamania on February 24, 2018, 04:29:29 AM Damn... Such shitty Indian customs... Moreover, all government bodies are slow as hell. I was looking to buy from bitmain but sadly due to this nonsense I can't. Would have been nice if I could have been in Canada (0% customs :p) 0%? Just paid duties and tax for 6 S9's in Canada GG https://i.gyazo.com/14d64cc3c1c8a667b8577b189ae4c281.png |