Freight computation for time chartered daughter vessels: adopt World Scale and AFRA norms for assessable value inclusion. Freight payable for time chartered daughter vessels is to be treated as an extension of freight and calculated on a normative basis using World Scale rates adjusted by AFRA; where World Scale/AFRA are available these rates plus wharfage and transshipment charges must be used to compute the transportation cost element added to assessable value, and where unavailable Commissioners should obtain WSO benchmarks or direct shipping companies to fix WSO rates, with importers required to submit supporting data to the assessing officer.
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Freight computation for time chartered daughter vessels: adopt World Scale and AFRA norms for assessable value inclusion.
Freight payable for time chartered daughter vessels is to be treated as an extension of freight and calculated on a normative basis using World Scale rates adjusted by AFRA; where World Scale/AFRA are available these rates plus wharfage and transshipment charges must be used to compute the transportation cost element added to assessable value, and where unavailable Commissioners should obtain WSO benchmarks or direct shipping companies to fix WSO rates, with importers required to submit supporting data to the assessing officer.
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