Assessable Value

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Aby Devasia (Querist)
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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?.

ASHOKKUMARSAINI

ASHOKKUMARSAINI (Expert)
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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

Aby Devasia

Aby Devasia (Querist)
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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)

ASHOKKUMARSAINI

ASHOKKUMARSAINI (Expert)
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21 December 2010 no it is only for calculation purpose

rgds

ashok saini

Aby Devasia

Aby Devasia (Querist)
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21 December 2010 Fine.
Thank you

Best regards,
Ebi

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