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CA Final Customs Landing Charges Amendment

09 April 2018

Is there an amendment in May 2018 attempt for landing charges which we used to take @ 1% of FOB?

This came because of the recent supreme court judgement in the case of Wipro Ltd

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13 Replies

CA Rashmi Gandhi (Chartered Accountant) (86461 Points)
Replied 09 April 2018

No change in May attempt....

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Niraj Joshi (34 Points)
Replied 09 April 2018

But there is a change even in RTP where it is wrote that landing charges are not to be levied @ 1%

CA Vijeta Nathani (Chartered Accountant) (505 Points)
Replied 09 April 2018

yes.
Wipro case is applicable. For May 2017 attempt, landing charges shall not be calculated.

CA Rashmi Gandhi (Chartered Accountant) (86461 Points)
Replied 09 April 2018

Yes I checked it, you can solve answer without adding 1% also but you have to mention case law of WIPRO in notes.

Divakar (Student CA Final ) (11857 Points)
Replied 09 April 2018

But now notification came in that respect... That 1% is no more relevant... Go with latest questions answe... Send ur mailid... I will send u amendments notes

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Niraj Joshi (34 Points)
Replied 10 April 2018

nirajjoshi555 @ gmail.com thank you for the same

harshkhandelwal35@gmail.com (harshkhandelwal35@gmail.com) (60 Points)
Replied 25 April 2018

hey Divakar.. please share those notes wd me also at harshkhandelwal35 @ gmail.com..
many thanks!!

Haider Ali (ACADEMICS) (90 Points)
Replied 11 April 2018

hi divakar, please mail at haiderca4105@gmail.com

Shruti (student) (23 Points)
Replied 28 April 2018

Hi Divakar. Please send the notes to shrutisinghal291 @ gmail.com

Nishit (Student) (28 Points)
Replied 04 May 2018

Hi divakar pls send me notes on nish*tmehta32 @ gmail.com
Thanks

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Geetha Dalvi (Accounts payable) (55 Points)
Replied 20 May 2018

geethaksundaram @ yahoo.co.in

Geetha Dalvi (Accounts payable) (55 Points)
Replied 20 May 2018

Hey Divakar pls share the notes with me @ geethaksundaram @ yahoo.co.in

Kushal Shah (...) (111 Points)
Replied 08 June 2018

The Hon’ble Supreme Court had ruled in the case of M/s Wipro Ltd. Vs Assistant Collector of Customs- 2015 (319) ELT 177 (S.C.) dated 16/04/2015 that the landing charges to be added to the value of goods, should be based on actual charges incurred, and not a notional charge of 1% as has been provided in the Rules.