https://www.taxtmi.com/acts?id=16484 FOB value is calculated as ex-factory price plus other costs. Ex-factory price equals production cost plus profit, where production cost comprises cost of raw materials (including freight and insurance), labour cost (wages, remuneration and related employee benefits) and overhead costs (a non-exhaustive list of property, plant, insurance, utilities, R&D, tooling, royalties, inspection, storage, waste disposal and import-related cost elements). Other costs include expenses to place goods on the export ship such as domestic transport, storage, port handling, brokerage and service charges. en-us Wed, 30 May 2012 14:23:37 +0530 Wed, 30 May 2012 14:23:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16484 FOB value is calculated as ex-factory price plus other costs. Ex-factory price equals production cost plus profit, where production cost comprises cost of raw materials (including freight and insurance), labour cost (wages, remuneration and related employee benefits) and overhead costs (a non-exhaustive list of property, plant, insurance, utilities, R&D, tooling, royalties, inspection, storage, waste disposal and import-related cost elements). Other costs include expenses to place goods on the export ship such as domestic transport, storage, port handling, brokerage and service charges. Act-Rules Customs Wed, 30 May 2012 14:23:37 +0530 https://www.taxtmi.com/acts?id=16484