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A new Toyota Mark II is imported from Japan. Other details relating to this sale are as given below: Exchange Rate US $ 1= K4500
A new Toyota Mark II is imported from Japan. Other details relating to this sale are as given below:
Exchange Rate US $ 1= K4500
Cost $ 12,000
Insurance @ 2% of F.O.B = $240.00
Freight Charges = $ 1,000
Required:
Compute the VDP and value for VAT purposes
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