Accountancy, asked by pappukumar9924, 1 year ago

In arriving at cif value the insurance can be taken at actuals capped to

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Answered by Anonymous

Answer

Cost, Insurance and Freight (CIF) and Free on Board (FOB) are the international shipping arguments. These two agreements are used between the buyer and seller of the transportation of the goods. If the value of the insurance is not given then take it as an actual value 1.125 of the FOB.

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