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author's profile photo Former Member
Former Member

base value for freight and custom duty

hi,

1) may i know for local freight(in country), the freight cost is based on purchased item net value or by its own?

2) inbound freight(until port) - freight cost is based on purchased item net value or by its own?

3) handling charges(from port to plant) - freight cost is based on purchased item net value or by its own charges?

4) may i know for custom duty, the tax base value is based on purchased item net value, correct?

thanks

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  • author's profile photo Former Member
    Former Member
    Posted on Oct 13, 2008 at 11:48 AM

    issue1)

    frieght value is not depends on net value it is of its own.

    issue2)

    for oversease frieght it is depends on invoice value as 1.5 % if the fright in not applicable(dat means if the frieght is beared by the vendor itself then the consums authority charging the frieght as 1.5 % of the invoice value)

    issue3) same as issue 1)

    issue 4)

    basic customs value is calculated on sum of -

    invoice value(base amount) 1.5%frieght in absecnce of fright by vendor1.123 % if insurance is not there customs authority charging the insurance to hike the customs values + 1 % landing charges.

    regards,

    sujit

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    • Former Member Former Member

      hi,

      1) in absence means we need to pay the sea freight or vendor pay the sea freight?

      2) if it is FOB, i pay. so i need to pay the cost of 1.5%(base on purchase item)?

      3) if it is CIF, i no need to pay. so i need to pay the cost of 1.5%(base on purchase item)?

      thanks

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