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.
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...
29 January 2011
I SOLVED TOTAL DUTY WILL BE RS.
553592.00
REGARDS,
553592.00
REGARDS,
02 February 2011
welcome sir,
please noted that u can put up ur quires in ca club india
please noted that u can put up ur quires in ca club india
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
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- TDS Deducted AY-2013-14 Not Reflected in 26as
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- Filling ITR - U
- TDS Return Q1 FY 2026-27
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
