Pls. solve below the customs sum

Sunflower Ltd., imported a machine from USA by air for its factory in Silvasa.
The FOB value of the machine is $ 20,000. Other expenses incurred were as
follows :

i. Freight from USA to India $ 4,500.

ii. Insurance premium is not shown/available in the invoice.

iii. Transportation charges from “Indian airport” to “Silvasa factory” is
Rs. 12,500.

Basic customs duty 20%; Additional Customs duty u/s 3(1) 16%; Education cess 2% and Secondary and Higher Education cess 1%.

Compute : Assessable value and Customs duty payable; asuming an Exchange
Rate of $1 = Rs. 48.

Pls. Solv Below The Customs sum

Mr. Q, an Indian resident visiting London, brought the following goods while
returning to India.
i. personal effects values at Rs. 20,000
ii. 2 litres of liquor valued at Rs. 2,500
iii. New camera of Rs. 45,000
What is the Customs duty payable?

The assessee paid SAD 4% on imported toys during APR - Oct 2010. i heard the SAD reclaimable facility withdrawn since March 2010. is it so? or the assessee are eligible to claim the refund? plz provide circular

Respected Sir/Madam,
I wish to start buisness of Importing Memory cards from china & sell it to retails shops in India directly. I m only Individual & dont have any proprietory firm.I have made some purchase query to wholesellers in CHINA & they say dat u dont have to any import duties etc. but i dont think they r correct. Since I m very small & new businessman i wish to avoid govt. formalities. So can u tell me easiest way to do this trade.

Also can u tell me whts d rate of import duty on such product. How i have to pay that. What formalities i have to comlete to start this business. How i can send payments & receive products...& any risk & other factors....Dipak 07276993000/07276066647/09021224725

Dear Sir,

We are importing some products with HS code 71179010. Kindly help me with the customs duty for the same. Also should we be registered with central excise for importing these products. Kindly help me with the structure for duty like...

Value = ******
Basic Customs Duty = %?
Educational Cess = %?
Secondary Edu Cess = %?
Other taxes if there are = %?

Thank you

WHAT IS THE WAY OF BOOKING OF FOREGIN PURCHASES IN DELHI SALE TAX?????

THE LAST IS CAN WE ADJUST THE CUSTOM DUTY, CVD AND OTHER CESS AMT IN SALES TAX ,FROM INPUT TAX CREDIT.

THANKS

My quesstion is that if there is Rs.100,000 of project, the companies retained some %age( e.g 10%)i.e 10000 of Money, what is the Accounting treatment ( Accounting Entries) for Retention money & the rest of the project Amount.
Is the Company Retained this money in Advance or Retained this Amount from every cheque they Pay during the project, when we Bill the Amount,e.g , we completed 50% and Bill the 50000 Amount, they will retained from this 50000 or in Advance?
Please Guide me through the process by Illustration, from Inception to the end?
Thanks

Hi,
My import duty query is as follows:
1) On what value is the customs duty calculated? Is it the invoice value or the market value of the product? What are the elements included in the finale value on which the duty is calculated?
2) If the container has the main product with other free product(Consumer offer.Printed on the pack. Not free for me) what value shall be considered to calculate the duty?
3) What part of the duty can be claimed?
Answer to this or a point in the right direction much appreciated.
thanks

A company had not filed application for claiming DEPB of financial year 2008-09
Can it claim it now
IS there is any time limit for filling apllication
IS there is any time limit for use of licences recieved

Please give ur ans with reference of DGFT notification or DEPB rules

Dear Ramesh verma ,
I have Asked for a book not for a link
pl. provide if you have.

export import documentation and procedure.

thanx