1% landing charges applicable or not ?
in custom valuation % landing charge after cif value is applicable or not ?
Replies (6)
It is not applicable now onwards..
ok
thanks
thanks
It is allowed only if actually incurred. Previously 1% was charged on notional basis which is not applicable now.
not applicable
The Hon’ble Supreme Court had ruled in the case of M/s Wipro Ltd. Vs Assistant Collector of Customs- 2015 (319) ELT 177 (S.C.) dated 16/04/2015 that the landing charges to be added to the value of goods, should be based on actual charges incurred, and not a notional charge of 1% as has been provided in the Rules.
Which one date it is applicable ??
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