For determining the CIF price of the imported goods, “Metal PMT” certain additions have to be made to the value of imported goods under rule 10(2)…

For determining the CIF price of the imported goods, “Metal PMT” certain additions have to be made to the value of imported goods under rule 10(2) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007. If cost of insurance is not ascertainable from the documents submitted before the customs authorities, then such amount is determined as follows: (i) 20% of free on board value of imported goods (ii) 1.125% of free on board value of imported goods (iii) Where free on board value is not ascertainable, but sum of free on board value and cost of transport, loading, unloading and handling charges up to place of importation is ascertainable; then 1.125% of such sum (iv) Where free on board value is not ascertainable, but sum of free on board value and cost of transport, loading, unloading and handling charges up to place of importation is ascertainable; then 20% of such sum. Choose the most appropriate option.