Sasha Enterprises imported some goods through vessel from USA in the month of April. The value of goods imported was - 6,50,000. The date of entry…
CA Final · Indirect Tax Laws · MTP · September 2025
Sasha Enterprises imported some goods through vessel from USA in the month of April. The value of goods imported was - 6,50,000. The date of entry inwards was 21st April (basic customs duty on said date was 10%). Further, Sasha Enterprises filed bill of entry for home consumption on 25th April (basic customs duty on said date was 20%). Applicable rate of integrated tax was 12% and social welfare surcharge was 10%. Ignore GST compensation cess and agriculture infrastructure and development cess. However, before inspection and clearance for home consumption, Sasha Enterprises found that the goods had been damaged owing to negligence on part of proper officer of customs. The proper officer accepted that due to said damage, the value of the goods has come down to 4,00,000. Compute the total customs duty payable in the given case.
Suggested Answer and Working Notes:
Correct Answer: Option (D)
₹ 1,46,560
Topics: Customs: Valuation under the Customs Act, 1962, Customs: Types of Duty
Related Questions in this Topic
- A machinery part was sent abroad for repairs under a free warranty, so the foreign repairer charged nothing. Its fair co...
- Foreign Trade International Ltd. has imported one machine from England. It has given the following particulars: Sr. ...
- Mr. Harrison of foreign origin has come on travel visa, to tour in India. He carries with him, as part of baggage, the f...
- David Ltd. is the manufacturer of semi-conductors in the State of Gujarat. It imported machinery by air from France for ...
- Bharti Company imported goods valued at 10,00,000 vide a Bill of Entry presented before the proper officer on 15 th Jul...