Land Cost
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2011
what is the meaning of Land Cost?
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.
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:-
http://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:-
http://www.plastemart.com/conversion.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- FORM 26A APPLICABILITY
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
