16 September 2016
Dear Sir / Madam,
I want to purchase X goods from Germany and there is a total 24% duty India, but seller give me price €5000 CNF, so what is my landing cost. I want to know for my budget and business plan.
Thank you very much for your time.
02 November 2016
Under current International Commercial Terms of 2010 there is no term as CNF. It is CFR. On CFR value add 1.125% towards insurance. On the arrived value ( CIF) add 1% towards landing cost. Then it becomes assessable value. Duties are applied on such value.
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