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This query is : Resolved
19 December 2013
If in question , landing charges are given Rs 1000. What should i do ,should i take Rs 1000 or 1% on CIF?
customs duty calculation.
customs duty calculation.
RAMESH KUMAR VERMA
(Expert)
20 December 2013
Mr. Surya,
assume if CIF VALUE is 10,000
THEN ASSESSABLE VALUE WILL BE 1% OF CIF VALUE
i.e =rs.100
in your case YOUR CIF VALUE IS =100000
ASSESSABLE VALUE WILL BE 1% OF CIF(1000)
Regards,
assume if CIF VALUE is 10,000
THEN ASSESSABLE VALUE WILL BE 1% OF CIF VALUE
i.e =rs.100
in your case YOUR CIF VALUE IS =100000
ASSESSABLE VALUE WILL BE 1% OF CIF(1000)
Regards,
20 December 2013
but FOB price is given, air freight is also given.Later insurance 1.125% will be taken on FOB. After that only the question of landing charges arises. ie the above question.
RAMESH KUMAR VERMA
(Expert)
21 December 2013
formula is calculating for FOB = c.i.f(-)freight
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