Confuse between basic costom duty on machine and accessori
This query is : Resolved
23 February 2016
Can anybody help me in this question from customs-duty
Machinery imported (fob value) $ 25000 Accessories with the machine. $ 8800
Air freight $7000
Insurance unknown compulsory
Local agent's commission to be paidINDIAN RUPEE 7000
LANDING CHARGES RS.5000
exchange rate 1US $ = 54.90
Customs duty on machinery 10% ad valomrem (means on price i guess hehe )
Costoms duty on accessories 15% ad valomrem
Additional duty of costoms u/s 3 (1) (CVD) 12%
Additional duty of costoms u/s 3 (5) (spcl CVD ) 4%
Answer total costom duty payble 6,57,874
Taxable amount = 2280182
Machinery imported (fob value) $ 25000 Accessories with the machine. $ 8800
Air freight $7000
Insurance unknown compulsory
Local agent's commission to be paidINDIAN RUPEE 7000
LANDING CHARGES RS.5000
exchange rate 1US $ = 54.90
Customs duty on machinery 10% ad valomrem (means on price i guess hehe )
Costoms duty on accessories 15% ad valomrem
Additional duty of costoms u/s 3 (1) (CVD) 12%
Additional duty of costoms u/s 3 (5) (spcl CVD ) 4%
Answer total costom duty payble 6,57,874
Taxable amount = 2280182
08 March 2016
Dear Sober
Please inform what is the Customs Tariff Heading under which the Machinery is assessed.
Please inform what is the Customs Tariff Heading under which the Machinery is assessed.
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