CUSTOM DUTY
Indian Hams are now eligible to import Amateur Radio Equipments duty free.
http://www.cbec.gov.in/cae/customs/cs-tariff/cus-tariff-2005/chapters-2k5/chap-85.pdf

(Search for the new HS code 8525 20 16)

CVD (in lieu of Excise Duty) amounting to 16% is however still charged
http://www.cbec.gov.in/cae/excise/cx-tariff0506/Chap%2085.pdf

New HS Code for Amateur Radio Equipment is 8525 20 16