Interested to Buy Any Domain ? << Click Here >> for more details...
IS there any duty on freight charges on import duty? If
yes, what is the percentage?
- 4 Answers
- 9976 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
All those who have posted the answers, read & understand the
question and then answer, if you know.a s these will be
referred by many job aspirants.
The question appears to mean whether Custom Duty is charged
on the freight component in the exporter's invoice.
Yes, while assessing the value of imported goods, Value of
goods, Freight, Insurance, etc. will be added and this value
is called Assessable Value. Invoice value in foreign
currency will be converted to the currency of the importing
country at the prevailing exchange rate as per the
applicable law and assessed to Import Duty (Inclusive of all
components, such as Basic duty, Additional duty, Surcharge,
Cess, etc)
The rate of import duties and CVD differ for different
class/type of goods and is as per the Customs Tariff &
Central Excise Tariff valid at the time of import. These
will be based on HSN mentioned in the concerned Tariff with
Chapter & Sub-Chapter headings. To know more, refer Customs,
Central Excise or Import-Export book or manual.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / neelam
no their is no freight charges on Import duty except if we
import commercial goods only in that case freight is chrged
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / ur friend
yes, Custom duty will charge on import goods,
5% on Invoice Value.
| Is This Answer Correct ? | 2 Yes | 3 No |
I am kind of confused between VAT and income tax! and am i supposed to use them both in the income statement?
Diff between Net profit & Gross profit?
what is a journal in accounting?
Accounting periode is normaly one year, bot accounting periode is for 5 year is possible or not?plz list the name of organistaion whose accounting periode is 5 year
golden rules of accounting
What is accrual accounting?
any body pls. tell me, if we purchase with credit card how to take into tally ( and) comes under which group for credit card purchases
what are the entries for staff taken advance in tally? what are the ledgers to be created for this and under which group? and what are the voucher entries when the advance is refunded?
What is the Account Receviable for Airport?
What are the request will be submitted at the time of running payment batches
what is corporate assesse
Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.
Audit 
