9911796707
TMI BlogFreight on ImportsX X X X Extracts X X X X X X X X Extracts X X X X ..... Freight on Imports X X X X Extracts X X X X X X X X Extracts X X X X ..... cturing activity at our factory. Price = Rs.10000/- . Actual freight is given on Bill of Entry = Rs. 2500 but Ass. Value Calculated (Price 10000+Freight 2000 (20% of price)+Insurance 113+Laddi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng 121)Q > What concept used for freight Calculation. Please explain PRO Reply By pradeep khatri: The Reply: Dear Sir, Freight is calculated as per following formula:- Actual freight or 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0% of the FOB Value of the goods which ever is lower. Regards, Pradeep Khatri Reply By Alok Kumar: The Reply: Dear Sir, Considering the existing customs valuation rules , the value of the importe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d goods will done in the following manner in your case :- 1) where the cost of freight/ transport is not ascertainable /(known) such cost will be taken as 20% on the FOB value of the goods. 2) simia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lry loading /unloading/handling charges will be 1% on the FOB VALUE of the goods 3) and again in the similar circumstances /position the cost of insurance shall be taken as 1.125% of the FOB VALUE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the goods. it appears that the relevat documents relating to freight element was not presented before the customs assessing authorities at the time of calulation of the customs duty. thanks, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alok kumar X X X X Extracts X X X X X X X X Extracts X X X X
|
