Value of Insurance when not ascertainable while making valuation of the imported goods for the purpose of charge of custom duty is to be taken :

CS Executive · Tax Laws · PYQS · December 2021
Value of Insurance when not ascertainable while making valuation of the imported goods for the purpose of charge of custom duty is to be taken :
(A) 1.10% of FOB
(B) 1.115% of FOB
(C) 1.120% of FOB
(D) 1.125% of FOB

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Customs Act

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