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.
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
Must read:
https://www.cybex.in/indian-custom-duty/Horses-Duty-Calculator-01011010.aspx
Message likes :
1 times
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;
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;
Message likes :
1 times
28 June 2013
welcome for posting queries& participate IN CA CLUB INDIA
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- TDS on property - Form 141 query
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- IT returns for fresh job holders
- Traces submitting correction statement error
- Banking Related Issue
- Grand in aid
- Average Cost Of High Quality Diamonds
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
