Freight on Imports

[P Ovhal]

e.g. > We are a Import of inputs for Manufacturing activity at our factory. Price = Rs.10000/- . Actual freight is given on Bill of Entry = Rs. 2500 but Ass. Value Calculated (Price 10000+Freight 2000 (20% of price)+Insurance 113+Ladding 121)
Q > What concept used for freight Calculation.

Please explain

PRO

AI Summary

Freight for customs valuation: actual freight or prescribed fraction of FOB applies, affecting assessable value and ancillary charges.
When transport and related costs are undocumented for customs valuation, freight is taken as either the actual freight or, if not ascertainable, a prescribed fraction of the FOB value (with the lower amount applied); loading/unloading/handling and insurance are also estimated as specific fractions of FOB unless relevant documents are presented to the customs assessing authority.