Assessable amount

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

vishal vyas

vishal vyas (Querist)

24 June 2013 Dear Sir,

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

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

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

Must read:

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

Message likes : 1 times

vishal vyas

vishal vyas (Querist)

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.......

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

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;

Message likes : 1 times

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

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