If I m going to import some material of @ 25000 Rupees/M Tonn which is the bas

If I m going to import some material of @ 25000 Rupees/M
Tonn which is the basic price till India arrival from out
side of India then which taxes or duties will include after
arrival and If I will sell it to another body in same state
then which taxes or duties will include and If I will sell
it to another body in different state then wich taxes or
duties will included in the basic price, kindly give me the
correct answer ASAP.

Thanks,

Deepak Prasad

Question Posted / deepak prasad

1 Answers
3953 Views
JPMorgan Chase, I also Faced
E-Mail Answers

If I m going to import some material of @ 25000 Rupees/M Tonn which is the basic price till India ..

Answer / abhivirthi tax and industrial

While importing goods from other countries, Import Duty or
Customs Duty has to be paid by the importer. The cargo
freight charges for the goods imported from other countries
have to be paid by the importer. In addition to the above,
Storage charges, loading and unloading charges,
documentation charges, weighment charges, fuel charges,
service tax for logististics, etc. have to be paid by the
importer. These expenses and lorry freight will form part
of purchase and the purchase value includes all the above.
Then adding certain percentage of profit sale bill will have
to be raised and Value Added Tax has to be charged on the
whole sale value at appropriate local VAT rate if the sale
is within the State and Central Sales Tax has to be charged
if the goods are sold the the dealers outside the State.

Reply from:

ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT Practitioner and Industrial Consultant
H-63, Palaami Enclave
New Natham Road,
Madurai-625014
Cell: 9994990599,

Is This Answer Correct ?

1 Yes

0 No

Post New Answer

More Business Administration Interview Questions

Drat the questeaniour for assessing the consumers attitude towards two wheelers, select any two brands as per your choice

0 Answers Stella Maris Institute of Development Studies SMIDS,

what is reengineering? give 5 indian company's name who have used it.

0 Answers

Why l think l would be a better candidate for the position of Finance and administration director

1 Answers Finance,

What challenges are you looking for in a position?

1 Answers Axis Bank, ONGC,

. what are insurance items?

0 Answers

how can base price be standardize and why?

0 Answers

Tell us about a time when you failed to meet a deadline. What were the repercussions?

0 Answers Qatar Airlines,

iam going to face viva vioce of 1st year,pls send me some viva voice queries&answers

1 Answers

what do u mean by click bank

1 Answers

Suppose the price elasticity of demand for the textbooks is two and the price of the textbook is increased by 10% By how much does the quantity demand fall? Enter the results and discuss reason for the fall in quantity demand.

0 Answers

how to creat my account in share market kindly send full detail?

0 Answers

"Decision making is the primary task of the manager." Comment.

1 Answers

For more Business Administration Interview Questions Click Here