My client Mr.X has imported goods from China. He has made payment against Proforma Invoice value USD 280. Material value USD200 and Freight USD 80.
He has received the goods by courier but the Commercial Invoice value is stated at USD130. The Commercial Invoice does not mention any freight charge of USD 80.
In courier BOE Duty is paid on USD130.
Now my client wants to know how to account this transaction i.e. (USD280-USD130)USD150
Do we need to pay custom duty for the difference amount of USD150.
Please suggest what can be done for this transaction.