How to Calculate Malaysia Jaw Crusher Prices in Indian Rupees?
Time:
24 July 2021
Calculating the price of a jaw crusher in Malaysia and converting it into Indian Rupees involves a process of gathering accurate pricing information, understanding exchange rates, and considering additional charges such as import duties, freight costs, and taxes. Here’s a step-by-step guide to help you estimate:
1. Research Jaw Crusher Prices in Malaysia
- Identify the specific model or brand of the jaw crusher you are considering (e.g., capacity, size, and features).
- Contact suppliers or manufacturers in Malaysia (e.g., via email, websites, or marketplaces like Alibaba or TradeIndia).
- Request a quotation for the jaw crusher’s cost (make sure to clarify shipping terms, additional charges, etc.).
2. Convert Malaysian Ringgit (MYR) to Indian Rupees (INR)
- Check the current exchange rate between the Malaysian Ringgit (MYR) and the Indian Rupee (INR).
- For example, if MYR 1 = INR 18, and the jaw crusher costs MYR 50,000, then:\[\text{Cost in INR} = 50,000 \times 18 = 9,00,000 \, \text{INR}\]
3. Calculate Import Duties and GST in India
- Refer to Indian customs regulations to determine import duties for machinery and crushers. This can be around 7.5% to 27% of the product value, depending on the crusher’s category.
- Add GST (Goods and Services Tax) in India, typically 18% for such machinery.
For example:
- If the jaw crusher costs INR 9,00,000:
- Import Duty (let’s assume 10%):
\[10\% \times 9,00,000 = 90,000 \, \text{INR}\]
- Add GST:
\[18\% \times (9,00,000 + 90,000) = 1,62,000 \, \text{INR}\]
- Total Cost:
\[9,00,000 + 90,000 + 1,62,000 = 11,52,000 \, \text{INR}\]
4. Account for Freight Costs and Insurance
- Add shipping costs from Malaysia to India (depend on the location, weight, and size). For heavy machinery, this is usually high.
- Include marine insurance (1%-2% of the total product value).
5. Final Price in Indian Rupees
- Sum up the following:
- Cost in MYR converted to INR.
- Import duties.
- GST.
- Freight and insurance costs.
This will give you an approximate final price in Indian Rupees.
Example
If a jaw crusher costs MYR 50,000, assuming the exchange rate is 18, import duty is 10%, GST is 18%, and shipping costs INR 50,000:
- Base Cost in INR: 50,000 × 18 = 9,00,000 INR
- Import Duty (10%): 90,000 INR
- GST (18%): 1,62,000 INR
- Shipping: 50,000 INR
- Total Price: 9,00,000 + 90,000 + 1,62,000 + 50,000 = 12,02,000 INR
Note
Prices fluctuate due to:
- Exchange rate variability.
- Changes in import/export regulations.
- Manufacturer or supplier discounts.Always consult suppliers and customs officials for accurate, up-to-date figures.
Contact Us
Shanghai Zenith Mineral Co., Ltd. is a leading manufacturer of crushing and grinding equipment in China. With more than 30 years of experience in the mining machinery industry, Zenith has built a strong reputation for delivering high-quality crushers, mills, sand-making machines, and mineral processing equipment to customers around the world.
Headquartered in Shanghai, China, Zenith integrates research, production, sales, and service, providing complete solutions for aggregates, mining, and mineral grinding industries. Its equipment is widely used in metallurgy, construction, chemical engineering, and environmental protection.
Committed to innovation and customer satisfaction, Shanghai Zenith continues to advance in intelligent manufacturing and green production, offering reliable equipment and comprehensive after-sales service to help clients achieve efficient and sustainable operations.
website: https://www.chinagrindingmill.net
Email:info@chinagrindingmill.net
Whatsapp:+8613661969651
