I need solution of this problem pls help experts
moinuddin (job import export ) (73 Points)
30 May 2016moinuddin (job import export ) (73 Points)
30 May 2016
Manish Jain
(Chartered Accountant)
(119 Points)
Replied 30 May 2016
moinuddin
(job import export )
(73 Points)
Replied 30 May 2016
moinuddin
(job import export )
(73 Points)
Replied 30 May 2016
Please sir can you give me complet solution format I am very much Thank you
Manish Jain
(Chartered Accountant)
(119 Points)
Replied 30 May 2016
Here you go:
Production Cost ($) | 7,800 |
Design & Development Cost ($) | 1,300 |
Profit ($) | 1,500 |
Transport Cost ($) | 500 |
Transit Insurance ($) | 700 |
Freight ($) | 1,200 |
CIF ($) | 13,000 |
Landing Charges ($) | 130 |
Landing Cost ($) | 13,130 |
Landing Cost (Rs.) (1 $ = Rs. 48) (A) | 630,240 |
Basic Customs Duty @ 20% (B) | 126,048 |
( C ) = (A) + (B) | 756,288 |
Countervailing Duty @ 10% of ( C ) | 75,629 |
Education Cess @ 3% of BCD + CVD | 6,050 |
837,967 | |
Freight from Mumbai to Palghar (Rs.) | 19,200 |
Installation Cost at Palghar (Rs.) | 14,400 |
Total Cost of Machinery | 871,567 |
Total Duty (BCD + CVD + EC) | 207,727 |
CENVAT is available only on Countervailing Duty i.e. Rs. 75,629
moinuddin
(job import export )
(73 Points)
Replied 30 May 2016