Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate FOB Value, Cost of Insurance, Cost of Freight, and Assessable Value where only the CIF value is given as US $ 5,000. The exchange

Calculate FOB Value, Cost of Insurance, Cost of Freight, and Assessable Value where only the CIF value is given as US $ 5,000. The exchange rate notified by RBI and CBIC is Rs. 70 and Rs. 68 respectively for one US $.

Step by Step Solution

3.43 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below As ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Finance questions

Question

discuss what an intervention is in relation to work psychology;

Answered: 1 week ago

Question

Describe the process of software development life cycle ( SDLC ) .

Answered: 1 week ago