What will be the Value for Purchase, when there is a difference between the Value of the Invoice as per Import, and the Assessable value as per the Bill of Entry. For example -
The Invoice value after conversion is Rs. 10.00 lakhs
The Value - Assessable, as per the Bill of Entry is Rs.14.00 lakhs.
How to account for the excess GST paid.
The Assessable value as per BOE is Rs. 12,63,595.00
Customs duty paid is Rs. 4,72,386.00
GST Pais is Rs 3,53,807.00
Item imported is Plastic Goods
ACTUAL INVOICE VALUE IS Rs. 6,59,937.67
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