Mr. Amar, an Indian importer, imported machine for 5000 dollars….

Question Answered step-by-step Mr. Amar, an Indian importer, imported machine for 5000 dollars…. Mr. Amar, an Indian importer, imported machine for 5000 dollars. Following information is available related to import of machine:- a) Packing charges of goods 120 dollars b) Design and development charges 100 dollars c) Goods sent by importer to exporter worth 100 dollars d) Freight charges from supplier’s factory to Port 10 dollars e) Transit Insurance premium paid f) Freight by air 160 dollars g) Exchange rate is Rs. 50 = 1 dollar h) Basic custom duty = 10% i) IGST 12% You are required to determine Assessable value under Customs law. Law Social Science Tax law MBA 738 Share QuestionEmailCopy link Comments (0)