Assessable value
This query is : Resolved
10 December 2013
Import duty is calculated on the assessable value of goods imported..
Assessable Value is obtained by adding 1% on CIF value..
CIF=FOB (Free on Board)+Insurance+Freight
Assessable Value is obtained by adding 1% on CIF value..
CIF=FOB (Free on Board)+Insurance+Freight
MJ Krishnamurthy
(Expert)
10 December 2013
An assessable value the consideration arrived after deducting non taxable receipts such as land cost,labour charges,income from interest goodwill etc,
with resspect to vat.....mjk
with resspect to vat.....mjk
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