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Insurance on import

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(Querist)
16 April 2018 WILL INSURANCE COST BE INCLUDED IN ASSESSABLE VALUE AS 1.125% ON FOB IF I M NOT INSURING MY GOODS WHICH I M IMPORTING?

WILL NO INSURANCE MADE IS INCLUDED IN THE MEANING OF INSURANCE COST NOT ASCERTAINABLE??????
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
16 April 2018 If nothing is given, then 1.125% of FOB value is included in calculation of assessable value.

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