The assessable value of a commodity inclusive of landing charges is ₹ 50,000 IGST @ 28%. Basic Customs Duty @ 10%, countervailing Duty @ 12%, Social Security Cess (SCC) @ 10% and Compensation Cess 10% are leviable on the

Calculations of duties and Taxes: Assessable value = ₹ 50,000 Basic Customs Duty 10% = ₹ 5,000 Countervailing Duty = 12% of (Assessable Value + Basic Customs Duty) = 12% of (₹ 50,000 + ₹ 5,000) = 12% of ₹ 55,000 = ₹ 6,600 Social Security Cess (SSC) = 10% of (Basic Customs Duty + Countervailing Duty) = 10% of (₹ 5,000 + 6,600) = 10% of 11,600 = ₹ 1,160 Integrated Goods and Services Tax (IGST) = 28% of [Assessable Value + Basic Customs Duty + Countervailing Duty + SSC] = 28% of (₹ 50,000 + 5,000 + 6,600 + 1,160) = 28% of ₹ 62,760 = ₹ 17,572.80 Compensation Cess = 10% of [Assessable Value + Basic Customs Duty + Countervailing Duty + SSC] = 10% of (50,000 + 5,000 + 6,600 + 1,160) = 10% of 62,760 = ₹ 6,276