Calculate the Customs FOB Value (in Indian Rupees) of the "Chronos X-9" machine for ABC Chemicals Limited. Ensure to include all relevant additions…

The exchange rate applicable for valuation is the rate notified by CBIC on the date of filing the Bill of Entry. CBIC Exchange Rate (15th June) ₹ 95/ € Particulars Amount Conversion Amount (₹) Reference I. Price Actually Paid/ Payable (FOB Declared) 1,00,000 95 95,00,000 II. Additions under Rule 10(1) 1. Design charges paid in Germany (undertaken elsewhere than in India) 5,000 95 4,75,000 Rule 10(1) (b)(iv) 2. License Fee (Required as condition of sale) 3,000 95 2,85,000 Rule (10)(1)(c) 3. Local Agent Commission (Not Buying Commission) - - 80,000 Rule 10(1)(a)(i) Sub-Total of Additions 8,000 8,40,000 III. Deductions/Exclusions (Rule 10(1) and Note to Rule 3): 1. Marketing Expenses (Incurred on buyer's own account) - - Nil 2. Airport Demurrage Charges (Not includible) - - Nil IV. Customs FOB Value (I+II) 1,08,000 1,03,40,000 Customer FOB Value in Indian Rupees = 1,03,40,000