Question

Sharma & Sons imported good worth £ 20,000. However,

the following expenses are not included in it:

(i) Packing charges £ 500

(ii) Transportation charges by air

(iii) Insurance premium (standard rate 1.125 of FOB value)

Exchange rate: £1 = 80

Compute assessable value to determine customs duty and

customs duty if:

(i) Rate of basic customs duty is 10%

(ii) Rate of excise duty on such goods in India is 8%

(iii) SAD @ 4% and Education cess @ 3% also charged.​

Answer 1

Answer:

ohh no! itna bada question.I Can't do this.sorry