Question 8: (a) An Indian dealer imported 50 machines from USA @ 320 dollars per machine. However, the following expenses are not included in it
1. Packing Charges 20 dollars per machine
2. Transportation charges to Indian Port 200 dollars
3. Transit Insurance premium 40 dollars
4. Brokerage (excluding buying commission) 70 dollars
The dealer incurred the following expenses after delivery at the port
1. Transportation charges from port to his godown Rs. 4,000
II. Insurance premium Rs. 200
III.
Octroi Rs. 3,000.
Compute the assessable value as per custom act. Exchange rate is 1 dollar = Rs. 72
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Photosynthesis is a process used by plants and other organisms to convert light energy into chemical energy that, through cellular respiration, can later be released to fuel the organism's metabolic activities
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