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what is landing cost

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(Querist)
03 August 2010 Hi frinds

What is landing cost in custom act.whether it is negotiable if the inport is on CIF basis.Whether the rate of landing Fixed 1%,or it can be reduce..
Thanks
gopal
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
03 August 2010 landed cost:

Commonly, the total cost of a landed shipment including purchase price, freight, insurance, and other costs up to the port of destination. In some instances, it may also include the customs duties and other taxes levied on the shipment.

Normaly CIF value+1% laning cost to be charged for calculate custome Duty
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gopal

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gopal (Querist)
04 August 2010 thanks sir
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