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Import Value to be shown in VAT Return

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 April 2010 Dear All,

I have a query related to Import Value to be shown in VAT Return.

1) Whether i should take a Value i.e. Import Invoice Bill Amount @ Indian Rupees i.e. TT Amount

OR

2) Are we have to Take a Value of TT Amount + custom duty + clearance chgs + other charges to bring the goods.

Please clarify it to me.

Regards,

Ajay
Mumbai
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CA Deepak P. Agrawal

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CA Deepak P. Agrawal (Expert)
14 April 2010 Value shall include taxes and duties and other charges paid. So the second answer is correct.
Regards
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Rahul Vora

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Rahul Vora (Expert)
17 April 2010 Agreed. It will be purchase cost to you.




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