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Assessable amount

This query is : Resolved 

24 June 2013 Dear Sir,

Please tell me how to count Assessable amount from Bill Of Entry of Import.

25 June 2013 assessable value = invoice value+1%landing charges

Must read:

https://www.cybex.in/indian-custom-duty/Horses-Duty-Calculator-01011010.aspx

25 June 2013 Thanks Dear........ But also want to know that the CIF Value either we have to take from Invoice or from Bill of Entry........ What is the accurate process to count CIF Value.......

25 June 2013 import invoice value * exchange rate *1% landing =ASSESSABLE VALUE.


CIF price or CIF value refers to the price actually paid or payable to the exporter for the good when the good is loaded out of the carrier, at the port of importation. The price value includes the cost of the good, insurance and freight necessary to deliver the good to the named port of destination;

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