Ascertain the assessable value in USD of the consignment of machine imported in India from US on the basis of information/ particulars given below: (i) Cost of Machine at the factory of the US Exporter $17500 (ii) Transp
CS Executive · Tax Laws · PYQS · December 2020
Ascertain the assessable value in USD of the consignment of machine imported in India from US on the basis of information/ particulars given below: (i) Cost of Machine at the factory of the US Exporter $17500 (ii) Transport charge from the factory to the sea port $2500 (iii) Handling charges at the Port of Shipment $200 (iv) Buying Commission paid by Importer $50 (v) Freight Charges until the Indian Port $2500
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Customs Act
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