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
CAclubindia
