Farhan Khan, an Indian resident who was on a visit to Japan, returned after 1 year for contesting in assembly elections of his State. He carried…
CA Final · Indirect Tax Laws · MTP · November 2024
Farhan Khan, an Indian resident who was on a visit to Japan, returned after 1 year for contesting in assembly elections of his State. He carried with him personal effects worth - 68,000 and a laptop worth - 88,000. He brought jewellery of 15 grams from Japan of 48,000 and a music system of 50,000. The customs duty payable by Farhan Khan is __________. Ignore Agriculture infrastructure and development cess.
Suggested Answer and Working Notes:
Correct Answer: Option (A)
Nil
Topics: Customs: Valuation under the Customs Act, 1962
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