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Payment of Customs duty on Tools development Cost paid at Abroad

Customs - Started By: - Pradeep Jain - Dated:- 9-3-2016 Last Replied Date:- 10-3-2016 - Dear Sir,We have purchsed some Tools from abroad . After that said tools was developed by the said supplier . In this case supplier has raised 2 bills one for Too .....

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to pay Customs Duty on that value .RegardsPradeep Jain - Reply By surya narayana - The Reply = Dear PradeepGenerally, customs duty is required to be paid on CIF value after conversion in INR and adding of landing charges. The CIF value is based on t .....

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