ABC Ltd. has imported certain goods by air. Certain goods were imported by air. The free on board value of goods is 100. The cost of transport,…
CA Final · Indirect Tax Laws · MTP · May 2024
ABC Ltd. has imported certain goods by air. Certain goods were imported by air. The free on board value of goods is 100. The cost of transport, loading, unloading and handling charges up to place of importation is 25. The cost of insurance is 10. For the purposes of rule 10(2) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007, which of the following shall be added to the value of imported goods?
Suggested Answer and Working Notes:
Correct Answer: Option (D)
Cost of transport, loading, unloading and handling charges - 20; and Cost of insurance -10
Topics: Place of Supply
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