Land Cost
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2011
what is the meaning of Land Cost?
RAMESH KUMAR VERMA
(Expert)
23 March 2011
it means “landed value” , the assessable value as determined under the Customs Act, 1962 (52 of 1962) and includes all duties of customs except duties levied under sections 3, 3A, 8B, 9 and 9A of the said Customs Tariff Act;
this becomes 1% of the invoice value.
this becomes 1% of the invoice value.
RAMESH KUMAR VERMA
(Expert)
23 March 2011
for example,
if cif value is in usd 10000
usd exchange rate for import is :-rs. 49.00
then landing charge will be,
10000*49=490000.00
1%landing cose=490000*1/100
=49000
for more understand:-
https://www.plastemart.com/conversion.asp
if cif value is in usd 10000
usd exchange rate for import is :-rs. 49.00
then landing charge will be,
10000*49=490000.00
1%landing cose=490000*1/100
=49000
for more understand:-
https://www.plastemart.com/conversion.asp
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