Compute the assessable value and total customs duty payable under the Customs Act, 1962 for an imported machine, based on the following information : Particulars Amount (US $) Cost of the machine at the factory of the ex

Compute the assessable value and total customs duty payable under the Customs Act, 1962 for an imported machine, based on the following information : Particulars Amount (US $) Cost of the machine at the factory of the exporter 20,000 Transport charges from the factory of the exporter, to the port for shipment 800 Handling charges paid for loading the machine in the ship 50 Buying commission paid by the importer 100 Lighterage charges paid by the importer 200 Freight incurred from port of entry to Inland Container depot 1,000 Ship demurrage charges 400 Freight charges from exporting country to India 5,000 Date of bill of entry 20-02-2018 (Rate of BCD 20%; Exchange rate as notified by CBEC ₹60 per US $) Date of entry inward 25-01-2018 (Rate of BCD 12%; Exchange rate as notified by CBEC ₹65 per US $) Rate of IGST 12%.