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Import on CIF basis

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25 March 2010 Dear Sir,
Please confirm what are the element to be included for calculating import on cif basis. Wheather local freight to be included for calculating the same or only cif freight to be included.

28 March 2010 fob value+ocean freight(20% of fob value+insurance(1.125%of fob value+commission paid to foreign agent =cif value+1% landing charges



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