Assessable Value
This query is : Resolved
22 November 2010
Dear Experts,
For the purpose of Custom duty calculation assessable vale = Total Value *1%(It's called Customs handling charges),
Total Value = CIF value + Freight amount + Insuetnce + eny othe Origin handling charges (If any)
1. 1% Custom handling charges is Expence for Importer or Deemed expence?.
2. If it is excepence this charges need to consider in Total landed cost?.
For the purpose of Custom duty calculation assessable vale = Total Value *1%(It's called Customs handling charges),
Total Value = CIF value + Freight amount + Insuetnce + eny othe Origin handling charges (If any)
1. 1% Custom handling charges is Expence for Importer or Deemed expence?.
2. If it is excepence this charges need to consider in Total landed cost?.
30 November 2010
yes, 1% is added for port facilities . once your invoice is cif than only 1% landing charges is added for calculation of duty unless and until your invoice is fob than freight and insurance is added
21 December 2010
Dear Sir, Its Ok.
Supose
CIF Val 100
Ass. Val.101
Diff.Re.1
Qustion is Re.1 is the expences/ Deemed expenses for the company(Importer)
Supose
CIF Val 100
Ass. Val.101
Diff.Re.1
Qustion is Re.1 is the expences/ Deemed expenses for the company(Importer)
21 December 2010
no it is only for calculation purpose
rgds
ashok saini
rgds
ashok saini
21 December 2010
Fine.
Thank you
Best regards,
Ebi
Thank you
Best regards,
Ebi
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