Valuation of inventory under custom

This query is : Resolved

Tulika Kumari (Querist)
Follow

17 November 2011 What are concor charges.While valuing closing stock of imported inventories do these charges are added???
how concor charges are different from detention charges.

PLZ reply on ASAP basis

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

17 November 2011 Detention charges are applied for the storage or holding of containers whilst in our customers’ care outside a port, rail terminal, feeder terminal, inland depot or container yard. Detention is applied after the designated free time has expired.

There are 3 types of Detention:-

Merchant Haulage: when customers do their own trucking & have to return the container back to OOCL’s care within the free period.

Carrier Haulage (Drop & Collect): container is left at the customer’s own premises whilst they load or devan it. OOCL's vehicle returns a different day to pull it out.

Carrier Haulage (Driver & Vehicle Waiting Time): OOCL's driver waits whilst the container is loaded or devanned; if this exceeds the Free Period we will invoice Detention.

FOR MORE INFO:

http://www.oocl.com/uk/eng/localinformation/ddfreetime/Pages/default.aspx

FOR CONCOR CHARGES INFORMATION LINK IS:

http://www.concorindia.com/trace/terminal/tariff/pic4119.pdf