SM Ltd. imported a machine at FOB value of ₹34,00,000. This sum includes ₹4,00,000 attributable to post-importation activities to be called by the seller. SM Ltd. had supplied raw materials worth ₹10,00,000 to the seller

SM Ltd. imported a machine at FOB value of ₹34,00,000. This sum includes ₹4,00,000 attributable to post-importation activities to be called by the seller. SM Ltd. had supplied raw materials worth ₹10,00,000 to the seller for the manufacture of the said machine. The goods were imported by vessel and actual cost of transport is ₹1,60,000. The importer has also paid demurrage charges of ₹10,000 and lighterage and barge charges ₹30,000 in addition to said ₹1,60,000. SM Ltd. also paid ₹50,000 for transportation of goods from port of entry to Inland container. The actual cost of insurance is ₹1,00,000. Compute the assessable value based on Rule 3 read with Rule 10 of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007, assuming amount attributable to post-importation activities is not payable as a condition of the sale of imported goods.