Dear Friends,
Can u pls help me out regarding the Custom Valuation Rules for the below case-
1) If there is an Import of goods in India, the freight terms (Air) of the shippment is exw-work charges on collect basis. Now the freight & forwarder billed us for Air freight Rs 300 & Exw work charges Rs 100. The cost of goods as per the commericial invoice is Rs 1000/- Now how much Air freight value & exw- charges will be added with the Commericial invoice value to determine the assessable value under the customs valuation act under section 14 of the customs act.
2) If this import is through Sea & all above conditions & value remains same, how much the Sea freight & exw work charges will be added with the commericial invoice value to determine the assessable value under customs act .
CAclubindia
