hul_know (OP)
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September 17, 2017, 12:34:02 PM |
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As per some folks RBI has asked customs to not clear crypto currency related H/W. And some are saying they need permission from RBI to issue the clearance. Meanwhile we people are are not just losing money on the crypto we could have mined, we will also be paying customs for holding our shipments that is in addition to 40% plus tax.
"Re-imbursement charges INR 250.00 or 2.5% of the duty amount whichever is higher along with Demurrage charges (as per below table) +service tax.
From 0-3 days : 0
From 4-10 days : (Rs. 2 per kg/day)
From 11-20 days : (Rs. 3 per kg/day)
From 21-30 days : (Rs. 4.5 per kg/day)
From >30 days : (Rs. 6 per kg/day)
Please note that according to the provisions under the Regulation 5(5) of Courier Import and Export (Clearance) Regulation, 1998 as amended vide Customs Notification No. 54/99, the shipment may be surrendered to the customs for disposal, if not cleared within 30 days of arrival."
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buybtcworld
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September 20, 2017, 07:27:18 AM |
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Happening with me too, got my PSUs delivered however for D3s UPS is asking for NOC from RBI.. I am shocked of the scam they are running.. i have told them that it has to do nothing with RBI, UPS says its dash coin miner, I said how do you know.. there is no place where its written that.. I have written a letter to them on email stating that its a high end graphic card required nothing to do with RBI!! Shucks!!
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hul_know (OP)
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September 20, 2017, 07:37:13 AM |
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Here is the RBI notification https://rbi.org.in/scripts/bs_pressreleasedisplay.aspx?prid=39435 they are citing. This does not talk of anything to restrict miners which are just fast computers. It even says users are responsible for their own. They are causing a lot of tension asking for this and that document. Indian government just finding new ways of harassing its citizens.
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buybtcworld
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September 20, 2017, 08:03:31 AM |
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Here is the RBI notification https://rbi.org.in/scripts/bs_pressreleasedisplay.aspx?prid=39435 they are citing. This does not talk of anything to restrict miners which are just fast computers. It even says users are responsible for their own. They are causing a lot of tension asking for this and that document. Indian government just finding new ways of harassing its citizens. I just called UPS asking for Query written by customs which asks for NOC from RBI.. And than the voice stumbled which gave me a hint that UPS is playing around. I said if you need NOC give me the copy of query which I can show to RBI and get a NOC.. Also, I spoke to a big clearing agent who told me that RBIs NOC is only needed to show that you have paid from your earned money not for anything else. So, now UPS says we will try to get it cleared on your request (without NOC). Lets see what happens..
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hul_know (OP)
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September 20, 2017, 08:28:08 AM |
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It is funny because I haven't been asked about any RBI NOC
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Coinblues
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September 20, 2017, 11:26:21 AM |
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I had an L3+ shipment that was to be delivered in the first week of September via UPS, but has subsequenty gone on hold, as it is not cleared by customs. As per the UPS guy, the District Commissioner (Customs) has been directed by RBI to not allow any further shipments of bitcoin mining equipment, until further notice, due to concerns that these could be used to fund illegal activities such as terrorism. The DC is basically saying " get an approval letter from RBI and i will clear it". So it guess its going to be a loooooooong wait till we get shipments cleared, by which time the profitability of using the miner will go down massively, to the point that it becomes an expensive paperweight!.
IMO it is absolutely ridiculous, and geared towards making life as difficult as possible for miners in India, with everything getting taxed to the maximum possible extent for an "acche din" that never shows up on the horizon.
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hul_know (OP)
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September 20, 2017, 07:44:52 PM |
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I had an L3+ shipment that was to be delivered in the first week of September via UPS, but has subsequenty gone on hold, as it is not cleared by customs. As per the UPS guy, the District Commissioner (Customs) has been directed by RBI to not allow any further shipments of bitcoin mining equipment, until further notice, due to concerns that these could be used to fund illegal activities such as terrorism. The DC is basically saying " get an approval letter from RBI and i will clear it". So it guess its going to be a loooooooong wait till we get shipments cleared, by which time the profitability of using the miner will go down massively, to the point that it becomes an expensive paperweight!.
IMO it is absolutely ridiculous, and geared towards making life as difficult as possible for miners in India, with everything getting taxed to the maximum possible extent for an "acche din" that never shows up on the horizon.
They are making life a hell and that is the only thing they are good at.
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buybtcworld
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September 21, 2017, 07:06:03 AM |
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I had an L3+ shipment that was to be delivered in the first week of September via UPS, but has subsequenty gone on hold, as it is not cleared by customs. As per the UPS guy, the District Commissioner (Customs) has been directed by RBI to not allow any further shipments of bitcoin mining equipment, until further notice, due to concerns that these could be used to fund illegal activities such as terrorism. The DC is basically saying " get an approval letter from RBI and i will clear it". So it guess its going to be a loooooooong wait till we get shipments cleared, by which time the profitability of using the miner will go down massively, to the point that it becomes an expensive paperweight!.
IMO it is absolutely ridiculous, and geared towards making life as difficult as possible for miners in India, with everything getting taxed to the maximum possible extent for an "acche din" that never shows up on the horizon.
They are making life a hell and that is the only thing they are good at. Date : Feb 01, 2017 RBI cautions users of Virtual Currencies The Reserve Bank of India had cautioned the users, holders and traders of Virtual Currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to, vide its press release dated December 24, 2013. The Reserve Bank of India advises that it has not given any licence / authorisation to any entity / company to operate such schemes or deal with Bitcoin or any virtual currency. As such, any user, holder, investor, trader, etc. dealing with Virtual Currencies will be doing so at their own risk. Jose J. Kattoor Chief General Manager Press Release: 2016-17/2054 Where is it written its not allowed? customs or shipping company.. one of them is playing around.. NOT DONE!
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hul_know (OP)
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September 21, 2017, 08:31:24 AM |
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They would need enough power supplies to run such a scam and power supplies usually get cleared without any problems. It is just incompetence and arrogance of officials who think they can do whatever they want, when most of their job duties can be done with the help of a single 25 dollar Raspberry Pi. I emailed RBI about any new notification(no reply) and also launched a grievance on https://www.pgportal.gov.in/GrievanceNew.aspx .I suggest people launch grievances on this and select CBEC after Public. If many do may be something will come of it.
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vinnuDAbhai
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September 23, 2017, 04:07:21 PM |
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This is regarding Nationwide blockage by customs clearance for Antminers in India. All antminers (High speed ASICS HSN CODE: 85437099) imported from china to India after August 20th are blocked by Indian customs. As we did not know about the change of RBI guidelines towards Antminers all shipments are blocked now with the Indian Customs. Join Whatsapp group who are facing similar Issues https://chat.whatsapp.com/DQ6VJdTH380J6NZC8ig4tf
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devil_prince
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September 26, 2017, 12:38:25 AM |
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tell them to clear it in cargo mode and ask for the procedure from customer care
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bitcoinisbest
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September 26, 2017, 06:32:23 AM |
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From this event can me start making a assumption that government is not in a mood to make it legalize due to which they have asked to restrict any such items related to bitcoin. Or shall we consider there is still a scope and once the government clears the path this shall be cleared? From recent past news its getting from good to little bad shape for bitcoins in country.
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Guvn0r
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October 12, 2017, 03:07:30 PM |
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got your miners? please update...
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hul_know (OP)
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October 12, 2017, 04:16:32 PM |
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Yes, have already updated on the first message on the first page of this post.
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Guvn0r
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October 12, 2017, 05:10:34 PM |
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Yes, have already updated on the first message on the first page of this post.
Thank you.. did not see that
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gagansite
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October 17, 2017, 06:27:44 PM |
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if anyone want to get their antminers cleared from indian customs, then contact +919654664595
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hul_know (OP)
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October 23, 2017, 09:01:52 AM |
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dude already updated(first post), it was cleared but for new orders, bitmain sends a refund email or they will hold shipments until they get a clarity about the Indian govt policy.
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piyushrockzzz123
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January 26, 2018, 03:26:08 PM |
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Sherlock_er
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February 02, 2018, 07:15:14 AM |
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True. Is this a problem for all imports? Anyone run business smoothly when importing?
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Sherlock_er
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February 02, 2018, 07:19:25 AM |
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The best thing to do will be to start video recording and asking them to tell on camera that it is a RBI rule or the government has forbidden it. SM sharing and spreading awareness will help.
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