Calculation of Assessable Value

Assessable value (for FOB) = Total Invoice value + Freight + Insurance + 1 % Handling (I.V+Freight + Insurance)
               
Assessable value (for CIF) = Total Invoice value only

Note: In Air, freight will be actual or 20% of Invoice value  
        Whichever is lesser.

If there is no insurance policy we have to take 1.125 %  of Invoice value according to Customs Law.

Posted by Unknown

9 comments :

  1. Unknown24 December 2014 at 02:08

    HOW TO CALCULATE INSURANCE VALUE IN C.F. BILL OF ENTRY

    ReplyDelete
    Replies
    1. Admin5 December 2019 at 03:29

      It will be calculated on 1.125% of invoice value.

      For More Details Please check - https://indiancustoms.info/assessable-value-calculation/

      Delete
  2. Unknown24 December 2014 at 02:09

    how to calculate insurance value of c.f. bill of entry

    ReplyDelete
  3. Unknown19 December 2017 at 23:37

    Great formula thanks for sharing it.

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  5. Anonymous9 October 2018 at 01:15

    HOW TO CALCULATE INSURANCE VALUE IN EXWORKS BILL OF ENTRY

    ReplyDelete
  6. Apon Enterprise5 February 2019 at 09:13

    Really Fine.

    ReplyDelete
  7. Shiva Infotech Innovations29 November 2019 at 03:55

    Thanks for this post
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