Calculation of customs duty

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Bhargavi.Telaprolu

Bhargavi.Telaprolu (Querist)
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06 January 2014 Hi,

How to calculate customs duty?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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06 January 2014 suppose

you are importing the Goods IN F.C. 13400 EXCHANGE RATE JANUARY MONTH EXCHANGE RATE IS FOR IMPORT =1 euro = RS 86.50

FC =13400 EURO
EXCHANGE RATE =I euro=RS. 86.50
FREIGHT = RS.57955
INSURANCE= RS.13691.87
ASSESSABLE VALUE= 1230746.87
CUSTOM DUTY = 26%

1230746.87*26/100

Or custom duty =Rs. 3,19, 994