How to calculate the assessable value in boe?

There is a different exchange rate for customs. check their rates. Others workings must be good.

Originally posted by : P B Srivathsan
	There is a different exchange rate for customs. check their rates. Others workings must be good.

No SIr.This exchange rate is mentioned in the BOE.

Here is the derivation I got. Sorry, I am not in a position to explain your data without viewing the BOE

A - Invoice Value = 5234

B - Misc Charges = (1525)

(A-B) - Net Value = $ 3709

In INR 3709 x 55 = INR 203995

Assesable value is the landed cost. You have add actual freight,insurance and handling charges. If the import invoice shows the above charges actualls are added by customs. Otherwise you have submit bills to substantiate your actual expenses. If these are not mentioned in invoice and also you donot submit actual bills, then these expenses are added on presumtive basis