idt
This query is : Resolved
10 September 2010
in customs in import valuation d handling charges r given a 1% of cif value n cif value =fob +transport +insurance
but in bangar they hv caluclates handling charges as 1% of transaction value +tranport+insurance is it right??
but in bangar they hv caluclates handling charges as 1% of transaction value +tranport+insurance is it right??
CMA Ramesh Krishnan
(Expert)
10 September 2010
Yes. Right, Transaction value meaning is FOB- free on board value only
Manmohan ACA, CS
(Expert)
10 September 2010
If condition of Rule 3 of import valuation Rules 2007 is satisfies then
FOB value = Transaction Value
FOB value = Transaction Value
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