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VIKASH KUMAR JAIN (Querist)
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19 December 2013 Dear Sir, In which amount to charge Export duty in case of export of goods??Whether it is F.O.B. value or C.I.F. value.If C.I.F., then how will calculate the same for export duty??

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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02 January 2014 Method of calculation of duty:

On assessable value of Rs.100/-, the goods would be leviable to,-

Basic Customs Duty @ 35%

= Rs.35.0/-

Surcharge @ 10%

= Rs.3.5/-

Total Basic duty + Surcharge

= Rs.35.0 + Rs.3.5/-

= Rs.38.5/-

Value for the purpose of calculation of Additional Duty under section 3 of CTA, 1975

= Rs.100/- + Rs.38.5/-

= Rs.138.5/-

Additional Duty of Customs

= 16% of Rs.138.5/-

= Rs.22.160/-

Value for the purpose of calculation of

Special Additional Duty under Section 3A

of CTA, 1975

= Rs.100/- + Rs.38.5/- + Rs.22.160/-

= Rs.160.660/-

Special Additional Duty

= 4% of 160.660/-

= Rs.6.426/-

Total duty payable

= Rs.35.0 + 3.5 + 22.160 + 6.426/-

= Rs.67.086/-

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