TaxTMI 
TaxTMI 
Custom duty on freight and insurance
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....ustom duty on freight and insurance<br> Query (Issue) Started By: - SAMBATH KUMAR Dated:- 8-4-2008 Last Reply Date:- 16-4-2008 Customs - Exim - SEZ<br>Got 1 Reply<br>Customs<br>This is regarding debo....
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....nding of Capital Goods (computer systems) after five yeas. As per the new guidelines received from Customs Mumbai, we need to pay custom duty on freight and insurance of the computer systems though th....
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....e computer systems are having zero value after five years depreciation. Reply By Surender Gupta: The Reply: There is no such provision for payment of customs duty on freight and insurance separately.....
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.... Freight and insurance charges are included in the value of imported items (i.e. computers) itself and depreciation is allowed on the total value. Therefore, action of the customs Mumbai appears as in....
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....correct.<br> Discussion Forum - Knowledge Sharing ....