https://www.taxtmi.com/forum/issue?id=110009 Customs duty for imported tools is based on the CIF value on the import invoice plus landing charges; a separately invoiced tooling development cost without further physical importation is generally not includible in CIF for customs assessment and may instead be liable to service tax under reverse charge, depending on the parties' agreement and applicable indirect tax rules. en-us Wed, 09 Mar 2016 10:54:48 +0530 Thu, 23 Jan 2025 15:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110009 Customs duty for imported tools is based on the CIF value on the import invoice plus landing charges; a separately invoiced tooling development cost without further physical importation is generally not includible in CIF for customs assessment and may instead be liable to service tax under reverse charge, depending on the parties' agreement and applicable indirect tax rules. Discussion-Forum Customs Wed, 09 Mar 2016 10:54:48 +0530 https://www.taxtmi.com/forum/issue?id=110009