Axe & Sledge India Ltd. imported a consignment from U.S.A (by sea). The value of consignment was - 7,50,000 and total duty payable was -…
CA Final · Indirect Tax Laws · MTP · May 2025
Axe & Sledge India Ltd. imported a consignment from U.S.A (by sea). The value of consignment was - 7,50,000 and total duty payable was - 1,50,000. Company filed bill of entry for home consumption but before inspection and clearance for home consumption it found that the goods were damaged. The proper officer has also agreed about the damage of goods. The value of goods has come down to only - 1,50,000. The amount of the duty payable by Axe & Sledge India Ltd. is:
Suggested Answer and Working Notes:
Correct Answer: Option (B)
₹ 30,000
Topics: Customs: Warehousing
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