CS PURSUING
43853 Points
Joined December 2009
present market value means ,
suppose, if you export the goods of invoice value 25000 usd and usd rate is rs.40.00, fob will in inr =25000*40=100000.00
and present value will 10% excess :-
100000*10/100
100000.00+10000.00=1,10,000.00
and incentive for depb . dbk you will elgible on 25000 usd not 1,10,000.00
thx,