Duty calculation

This query is : Resolved

SHYAMLAL KAYYARUVATH (Querist)
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23 January 2012 DEAR SIR,

WE ARE IMPORTER OF HEAVY MELTING MILD STEEL SCRAP.WE HAVE BEEN IMPORTING HMS @350 $ PER TON(AS PER SUPPLIERS INVOICE)BUT THE CUSTOMS DUTY IS CALCULATED ON 490$ NOW WE NEED TO DOWN LOAD 8FA FROM SALES TAX SITE AND WANT TO SPECIFY THE VALUE ON 8FA.THEN HOW CAN WE CALCULATE THE VALUE.IF U ADVICE ME TO CALCULATE ON THE BASIS OF CUSTOMS VALUE(ON BILL OF ENTRY)THEN HOW CAN I TALLY THE SUPPLIERS LEDGER WITH OUR LEDGER.NOW SALES TAX AUTHORITY(CHECK POST)FORCING US TO CALCULATE ON THE BASIS OF BILL OF ENTRY VALUE ie.490+DUTY+FREIGHT. CAN ANYBODY GIVE THE CORRECT GUIDELINES.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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24 January 2012 READ LINK CAREFULLY, THEN AFTER PUT UP QUERY,

http://www.ieport.com/cus2001/Circulars/cir07.htm

http://www.eximguru.com/indian-customs-duty/default.aspx

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