Assessable

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 February 2015 How to calculate Assessable Value
My Net Amount including Excise Duty is 1344005 but how do i calculate the assessable value the excise duty rate is 12%

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

04 February 2015 formula for Assesable Value(AV)=

CIF Value + Landing Charges (@1% of CIF Value)

if you tell me CIF value i will calculate.

you can right now calculate i am posting following link:

http://www.eximguru.com/calculator/calculatecustomduty.aspx?1=7.5&2=0&3=16.32&4=4&hscode=8440

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

04 February 2015 But sir Bill is of Excise Duty not of Custom Duty so how to calculate

Upgrade to CAclubindia Pro. Subscribe Now!

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

04 February 2015 i am posting following link :

http://www.indiataxes.com/Information/Excise/Valuation_of_Goods/Excise_duty_on_Assessable_value.htm