I just came back from the customs office and I was alarmed to hear that the import duty on watches has be increased to 40% from March. It doesn't end here - if like me, you are a private collector and don't have an Import Code (used by companies who import stuff all the time), there is an additional 20% slapped on you as a fine plus 2% for some other crappy fee. So essentially , you could be expected to pay a whopping 62% duty on your watch! If you do have an Import Code, then the total duty is just 20% or so.
Of course, if you are good with your 'persuasion skills', you can get away for less. Whats weird is that I had to pay a duty of only 22% ( when compared to 60%) when I got my Laco via FedEx just a week ago :s
Of course, if you are good with your 'persuasion skills', you can get away for less. Whats weird is that I had to pay a duty of only 22% ( when compared to 60%) when I got my Laco via FedEx just a week ago :s
