Confuse between basic costom duty on machine and accessori
This query is : Resolved
Sober Sharma
(Querist)
23 February 2016
Can anybody help me in this question from customs-duty
Machinery imported (fob value) $ 25000 Accessories with the machine. $ 8800
Air freight $7000
Insurance unknown compulsory
Local agent's commission to be paidINDIAN RUPEE 7000
LANDING CHARGES RS.5000
exchange rate 1US $ = 54.90
Customs duty on machinery 10% ad valomrem (means on price i guess hehe )
Costoms duty on accessories 15% ad valomrem
Additional duty of costoms u/s 3 (1) (CVD) 12%
Additional duty of costoms u/s 3 (5) (spcl CVD ) 4%
Answer total costom duty payble 6,57,874
Taxable amount = 2280182
Machinery imported (fob value) $ 25000 Accessories with the machine. $ 8800
Air freight $7000
Insurance unknown compulsory
Local agent's commission to be paidINDIAN RUPEE 7000
LANDING CHARGES RS.5000
exchange rate 1US $ = 54.90
Customs duty on machinery 10% ad valomrem (means on price i guess hehe )
Costoms duty on accessories 15% ad valomrem
Additional duty of costoms u/s 3 (1) (CVD) 12%
Additional duty of costoms u/s 3 (5) (spcl CVD ) 4%
Answer total costom duty payble 6,57,874
Taxable amount = 2280182
08 March 2016
Dear Sober
Please inform what is the Customs Tariff Heading under which the Machinery is assessed.
Please inform what is the Customs Tariff Heading under which the Machinery is assessed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Capital Gains Tax on Inherited Mutual Fund
- Form 144 TDS Return Validation Error – Mandatory Fields
- LLP audit and disclosure
- GST ITC as per notification 12/2023- central tax
- Rent agreement of House of deceased person
- Form 144 TDS Return Validation error
- GSTR9 Annual Return
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
