Assessable value

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 February 2011 How to calculate A.V.?
Example:
Invoice Value euro 1800
CIF Cost euro 130

1 Euro = INR 62.95

CUSTOMS DUTY 23.8948%

Kindly let me know what will be the A.V. amount to be appear at Bill of Entry?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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02 February 2011 DEAR ANONYMOUS,

ASSESSABLE VALUE =

(A) INVOICE VALUE*(B)EXCHANGE RATE+(C) 1%LANDING CHARGES (A+B)

1800*62.95=113310*1%LANDING CHARGES =113310*1/100 =1133.10

ASSESSABLE VALUE WILL BE RS.114443.10

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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02 February 2011 FOR CALCULATION U CAN TAKE CALCULATOR POSTED BY ME .

AFTER ITS IF YOU FOUND ANY DIFFICULTY TELL ME , EMINENT EXPERTS WILL ASSIST YOU.

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