Custom duty

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31 Points Posted on 28 December 2020

Customs duty is charge on Value+ Transport charges or any other criteria

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On 28 December 2020 at 18:48 Report
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Customs duty in India is a charge levied on imported goods. It's typically calculated based on the CIF value, which includes the cost of the goods, freight, and insurance. In some instances, like machinery imports, erection and commissioning charges may also be subject to customs duty.

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STUDENT
1631 Points Posted on 28 December 2020
Unit price × No .of .Units
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On 28 December 2020 at 19:21
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Company Secreatary
3186 Points Posted on 15 January 2021

Customs duty is chargeable on Value of good+India+Freight+Insurance that is called (CIF value)

Further,the Customs duty is also charged on the value paid or payable for bringing the goods in India to mix in Indian land mass.In many cases in case of machinery import erection and commissioning charges customs duty is charged.

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On 15 January 2021 at 09:23

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