You are employed in the Tax department of a firm of Chartered Accountants. The tax manag er has presented you with the following information that has been extracted from the files o f the following clients of your firm: Brian Ntebeka Ntebeka, a sole trader, imported a second-hand panel van with a gross vehicle weight (GVW) of 2.5 tonnes, for exclusive use in his business in February 2020 . The van was manufacture d in Japan in January 2010 . The cost of the van was $3,700 (free on board). He incurred ins urance costs of $400, transportation costs of $900 in transit up to the port of dar es salam where clearing and forwarding costs of $200 were incurred. He incurred further incidental co sts of transporting the vehicle from Nakonde border post to Kapiri Mposhi amounting to $1, 200. In Kapiri vehicle registration fees were K1500, whilst motor car insurance costs were K 3,500. The exchange rate provided by the Commissioner General at the time of importation of the v 9 ehicle was K14.50 per US\$; however the exchange rates quoted in a local Bureau De Change was K14.80 Per USS Cactus Ltd Cactus Ltd, is a VAT registered company making zero rated, standard rated and exempt sup plies. During the month of February 2020, the company made zero rated sales of 630,000 which represented 15% of the total sales made in the month, standard rated sales represent ed 65% of the total sales made in the month and the remainder of the sales were exempt su pplies. The following expenditure was incurred during the month of February 2020 : - Total purchases were K2,088,000 comprising standard rated purchases of K1,670,40 0 (VAT inclusive) and exempt purchases of K417,600. - Purchase of office furniture at a cost of K40,600 (VA inclusive) - Purchase of a pool car for K150,800 (VAT inclusive) - Purchase of a personal to holder motor car (with 50% private use by the Managing Di rector) at a cost of K162,400 (VAT inclusive) - Overheads of K165,418 (VAT inclusive). These comprised petrol for the personal to h older motor car of K18,560, petrol for pool cars of K20,880, diesel for the company's V ehicles of K34,800, entertainment expenses for employees of K5,338, electricity bills f or the managing director's accommodation of K4,640 and other general business ove rheads of K81,200. Other Information: (1) The input VAT on the overheads cannot be attributed directly to neither taxable nor ex empt supplies. (2) Unless stated otherwise all of the above figures are exclusive of VAT. Required: (a) Calculate the customs value of the panel van and the total import taxes paid by Nteb eka on the importation of the van. (8 marks) (b) Compute the value added tax payable by Cactus Ltd for the month of February 2020. You should clearly indicate in your computation, by the use of a Zero (0), any items o n which VAT is not chargeable or not recoverable. (12 marks)