Landing cost on CNF price

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Jaydip Devani (Querist)
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16 September 2016 Dear Sir / Madam, I want to purchase X goods from Germany and there is a total 24% duty India, but seller give me price €5000 CNF, so what is my landing cost. I want to know for my budget and business plan. Thank you very much for your time.

Dr.RAMAKRISHNA. C

Dr.RAMAKRISHNA. C (Expert)
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02 November 2016 Under current International Commercial Terms of 2010 there is no term as CNF. It is CFR. On CFR value add 1.125% towards insurance. On the arrived value ( CIF) add 1% towards landing cost. Then it becomes assessable value. Duties are applied on such value.

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