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1% landing charges applicable or not ?

shailendra sharma (3 Points)

11 April 2018

in custom valuation % landing charge after cif value is applicable or not ?

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6 Replies

CA Vijeta Nathani (Chartered Accountant) (505 Points)
Replied 11 April 2018

It is not applicable now onwards..

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shailendra sharma (3 Points)
Replied 11 April 2018

ok
thanks

Pratik Jadhav (3 Points)
Replied 11 April 2018

It is allowed only if actually incurred. Previously 1% was charged on notional basis which is not applicable now.

Gaurav Singhal (275 Points)
Replied 11 April 2018

not applicable

Kushal Shah (...) (111 Points)
Replied 08 June 2018

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.