Lalit Export House exported some goods to Germany. The invoice value of the goods exported of ₹45,00,000 was assessed by the customs appraiser at ₹50,00,000. The shipping bill was presented electronically on 20-3-2017. H

Computation of Export duty payable by Lalit Export House Particulars Amount (INR) Assessable value of exported goods to be taken as being determined and assessed by the customs appraiser and not the invoice value 50,00,000 Export duty payable @ 10% (Note 1) 5,00,000 Note: In case of goods entered for export, the rate of duty shall be the rate in force on the date on which the proper officer makes an order permitting clearance and loading of the goods of exportation and not the date when the shipping bill was filed (Section 16). Education Cess is not payable on export duty.