Assessable value

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yogesh

yogesh (Querist)
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10 December 2013 What is Assessable Value.

Nidhi

Nidhi (Expert)
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10 December 2013 Import duty is calculated on the assessable value of goods imported..

Assessable Value is obtained by adding 1% on CIF value..

CIF=FOB (Free on Board)+Insurance+Freight

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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10 December 2013 An assessable value the consideration arrived after deducting non taxable receipts such as land cost,labour charges,income from interest goodwill etc,
with resspect to vat.....mjk

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