Important Notice

SHIPPING ORIGIN AND IMPORT DUTIES

All lots will be shipped from Mumbai other than lots marked with the symbol in the catalogue – which will be shipped from New York.
Based on the buyer’s shipping destination, import or other duties/taxes may be applicable accordingly. See below for further details.

DUTIES, TAXES AND OTHER CHARGES FOR SHIPMENT TO LOCATIONS WITHIN INDIA

For lots being shipped from Mumbai (those not marked with the symbol in the catalogue) to locations within India, Saffronart will invoice the buyer for the following duties and taxes:

• VAT
• Service Tax
• Octroi (only in some cases – see below for further details)

Bidders can get an approximation of the above as applicable to their shipping destination by clicking on the ‘additional charges’ link for a given lot.

VAT is charged on the winning bid value (not inclusive of Buyer’s Premium) as follows:

• Jewelry and jeweled objects: 1%
• Watches and sculptures: 12.5%

A CST of 2% instead of the 12.5% VAT will be applicable on the winning bid value only if the delivery location of the watch/sculpture is outside the state of Maharashtra, and following the auction the buyer provides the necessary documentation required by the Sales Tax authorities.

Service Tax:

A 10.30% Service Tax on the Buyer's Premium charged is applicable. For example, on a winning value of Rs 10,00,000, the Buyer’s Premium would be Rs 1,50,000 and the Service Tax would be 10.30% of that amount (Rs 15,450).

Octroi:

• Octroi may be applicable for shipments to Mumbai, Pune and Nagpur. Please check the “additional charges” link for each lot for further details
• Octroi charges for shipments to Mumbai addresses are 2% of the winning bid value, except for watches (5.5%).
• Octroi charges for shipments to Pune and Nagpur addresses are 1% of the winning bid value, except for watches (5.5%).

Import Duties

Import duties may be applicable for lots shipping from New York (marked with the symbol in the catalogue) to an Indian address. Saffronart will not invoice the buyer for these duties, and the buyer will be responsible for obtaining customs clearance and for payment of all such duties to the customs authorities. Buyers are advised to appoint a clearing agent to ensure a smooth process.

DUTIES, TAXES AND OTHER CHARGES FOR DELIVERY TO LOCATIONS OUTSIDE INDIA

• Lots being shipped from New York (marked with the symbol in the catalogue) to the state of California (USA) will be charged sales tax up to 9.75% and to the state of New York (USA) will be charged sales tax of up to 8.375%. Saffronart will invoice the buyer directly for these charges.
• Import duties and/or other taxes may be applicable on shipments sent to certain countries. Depending on the shipping address these duties and taxes vary according to the regulations in the destination country. Saffronart will not invoice the buyer for these duties, and the buyer will be responsible for obtaining customs clearance and for payment of all such duties to the authorities. Buyers are advised to appoint a clearing agent to ensure a smooth process.

Please contact Saffronart for any questions in this regard at: