assessable value

DEAR ABB JI,

ASSESSABLE VALUE MEANS AFTER IT LANDS IN ANY INDIAN AIRPORT, THE DESIGNATED CUSTOMS OFFICER ASSESS THE VALUE OF THE MATERIAL BASED ON THE ITC HS CODE &  HE WILL CALCULATE THE VALUE OF THE MATERIAL IN INDIAN RUPEES AND THIS VALUE IS CALLED ASSESSABLE VALUE, SO THAT BASED ON THIS VALUE THE CUSTOMS DUTY, CVD AND OTHER STATUTORY CHARGES ARE COLLECTED

WHAT IS YOUR QUERY NOW.

REGARDS

So do you mean that they will not consider depreciation? Even it has been received after 2 years?