Assessable Value
This query is : Resolved
22 November 2010
Dear Experts,
For the purpose of Custom duty calculation assessable vale = Total Value *1%(It's called Customs handling charges),
Total Value = CIF value + Freight amount + Insuetnce + eny othe Origin handling charges (If any)
1. 1% Custom handling charges is Expence for Importer or Deemed expence?.
2. If it is excepence this charges need to consider in Total landed cost?.
For the purpose of Custom duty calculation assessable vale = Total Value *1%(It's called Customs handling charges),
Total Value = CIF value + Freight amount + Insuetnce + eny othe Origin handling charges (If any)
1. 1% Custom handling charges is Expence for Importer or Deemed expence?.
2. If it is excepence this charges need to consider in Total landed cost?.
30 November 2010
yes, 1% is added for port facilities . once your invoice is cif than only 1% landing charges is added for calculation of duty unless and until your invoice is fob than freight and insurance is added
21 December 2010
Dear Sir, Its Ok.
Supose
CIF Val 100
Ass. Val.101
Diff.Re.1
Qustion is Re.1 is the expences/ Deemed expenses for the company(Importer)
Supose
CIF Val 100
Ass. Val.101
Diff.Re.1
Qustion is Re.1 is the expences/ Deemed expenses for the company(Importer)
21 December 2010
no it is only for calculation purpose
rgds
ashok saini
rgds
ashok saini
21 December 2010
Fine.
Thank you
Best regards,
Ebi
Thank you
Best regards,
Ebi
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Eway bill not cancelled within 24 hous what can be due
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
