Method of calculation of FOB value

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....s, 2011<br>Annexure-II (See rule 5) Method of calculation of FOB value 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FOB value shall be calculated in the following manner, namely:- (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FOB Value = ex-factory price + other costs (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other costs in the calculation of the FOB value shall refer to the costs inc....

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....p;&nbsp; Labour cost shall include,- (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;Wages (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;Remuneration (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other employee benefits associated with the manufacturing process (iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Overhead costs, (non-exhaustive list) shall include, but not limited to,- (a)&nbsp;&nbsp;&nbsp;&nbsp;&....

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....oling and the depreciation, maintenance and repair of plant and equipment, (h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; royalties or licenses (in connection with patented machines or processes used in the manufacture of the goods or the right to manufacture the goods), (i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; inspection and testing of materials and the goods, (j)&nbsp;&nbsp;&n....