Pls. solve
This query is : Resolved
29 January 2011
Pls. solve below the customs sum
Sunflower Ltd., imported a machine from USA by air for its factory in Silvasa.
The FOB value of the machine is $ 20,000. Other expenses incurred were as
follows :
i. Freight from USA to India $ 4,500.
ii. Insurance premium is not shown/available in the invoice.
iii. Transportation charges from “Indian airport” to “Silvasa factory” is
Rs. 12,500.
Basic customs duty 20%; Additional Customs duty u/s 3(1) 16%; Education cess 2% and Secondary and Higher Education cess 1%.
Compute : Assessable value and Customs duty payable; asuming an Exchange
Rate of $1 = Rs. 48.
Sunflower Ltd., imported a machine from USA by air for its factory in Silvasa.
The FOB value of the machine is $ 20,000. Other expenses incurred were as
follows :
i. Freight from USA to India $ 4,500.
ii. Insurance premium is not shown/available in the invoice.
iii. Transportation charges from “Indian airport” to “Silvasa factory” is
Rs. 12,500.
Basic customs duty 20%; Additional Customs duty u/s 3(1) 16%; Education cess 2% and Secondary and Higher Education cess 1%.
Compute : Assessable value and Customs duty payable; asuming an Exchange
Rate of $1 = Rs. 48.
RAMESH KUMAR VERMA
(Expert)
29 January 2011
ARUN JI I SUBMIT ALREADY CALCULATORU CAN FILUP THE VALUE IN THIS AND FIND OUT AFTER IT IF U CAN NOT I WILL.
REPLY PLS...
REPLY PLS...
RAMESH KUMAR VERMA
(Expert)
29 January 2011
I SOLVED TOTAL DUTY WILL BE RS.
553592.00
REGARDS,
553592.00
REGARDS,
RAMESH KUMAR VERMA
(Expert)
02 February 2011
welcome sir,
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please noted that u can put up ur quires in ca club india
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