Can any one explain
This query is : Resolved
15 June 2016
Sir, what is import custom duty rate including all charges used for 7.5% basic duty capital goods and how the calculation will done
29 July 2016
At present the Basic Duty on Capital Goods is 7.5% on assessable value (CIF + 1% Landing Cost). The calculation of duty is carried out with reference to the exchange rate of free foreign exchange as indicated in Non- Tariff Notifications issued by Central Board of Excise and Customs, Department of Revenue, Government of India.
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