FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lucky an importer imported some goods for subsequent sale in India at $ 12,000 on assessable value basis. Relevant exchange rate and rate of duty

image text in transcribed

Lucky an importer imported some goods for subsequent sale in India at $ 12,000 on assessable value basis. Relevant exchange rate and rate of duty are as follows - Exchange rate Rate of Basic Particulars Date declared by Customs CBIC Duty Date of submission of Bill of Entry 18th June 20XX *60 /USD 10% Date of Entry inwards granted to the 4th August 20XX 60.25 /USD 12% vessel Calculate assessable value and customs duty in Indian rupee. Assume IGST - 18%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Fundamentals Of Entrepreneurial Finance

Fundamentals Of Entrepreneurial Finance

Authors: Marco Da Rin, Thomas Hellmann

8th Edition

0199744750, 9780199744756

More Books

Students also viewed these Accounting questions

Question

★★★★★
Under the terms of the Original Basel Agreement, what risk weights apply to the following on-balance-sheet and off-balance-sheet items? Residential real estate loans ...... Credit card loans...

Answered: 1 week ago

Question

★★★★★
Normally, the flow of electrons to O 2 is tightly linked to the production of ATP via the electrochemical gradient. If ATP synthase is inhibited, for example, electrons do not flow down the...

Answered: 1 week ago

Question

★★★★★
=+24. Safety switch. An industrial machine requires an emergency shutoff switch that must be designed so that it can be easily operated with either hand. Design an experiment to find out whether...

Answered: 1 week ago

Question

★★★★★
Use the following abbreviations to indicate the journal in which you would record transactions a through n. J = General journal S = Sales journal CR = Cash receipts journal P = Purchases journal CP =...

Answered: 1 week ago

Question

★★★★★
Hudson Co. reports the contribution margin income statement for 2019. HUDSON Co. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (9,600 units at $225 each) Variable costs...

Answered: 1 week ago

Question

★★★★★
3. A tightly stretched string of length has its ends fastened at x = 0 and x = 1. The mid point of the string is then taken to height h and then released with initial velocity zero. Find the...

Answered: 1 week ago

Question

★★★★★
13. [Anti-gradients] Find the general anti-gradient, f, i.e. f was the original function, and you are given the gradient of the function. (a) Vf(x, y) = (6x+4y, 2+12xy) -2e-2, -6z + 1y) (b) Vf(x,y) =...

Answered: 1 week ago

Question

★★★★★
A load downward load P 250 N is applied at B. It is supported by two truss members with member BA at an angle of 8 = 50 from horizontal and member BC at an angle of 02 35 from vertical. Calculate the...

Answered: 1 week ago

Question

★★★★★
Solve the triangle. A=49,b=8,c=9 a= (Do not round until the final answer. Then round to the nearest tenth as needed.) B= (Do not round until the final answer. Then round to the nearest degree as...

Answered: 1 week ago

Question

★★★★★
Discuss some aspect of the source (http://new-courses.justice.eku.edu/OSH/OSH366/Docs/OSH366W6_SickBuildingSyndrome.pdf) that you found interesting and why

Answered: 1 week ago

Question

★★★★★
Fortune Inc., a manufacturer of plastic materials useful for various textile company, expended P2,050,000 in research and development costs which resulted to a new formula which makes its plastic...

Answered: 1 week ago

Question

★★★★★
c. On the basis of these two continua, determine Oprah Winfreys communication style. d. In your opinion, does Oprah Winfrey display style flexibility?

Answered: 1 week ago

Question

★★★★★
1. During the next week, study the listening habits of students in another class in which you are enrolled. Keep a journal of your observations by identifying the nonverbal behaviors you witness. Are...

Answered: 1 week ago

Question

★★★★★
a. On the dominance continuum, place a mark where you feel she belongs.

Answered: 1 week ago

Previous Question Next Question