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Export Import Procedures and Documentation-NMIMS Solved Assignme

Export Import Procedures and Documentation-NMIMS Solved Assignme

Q1. An importer has imported Jewelry box made of plastics. The CIF is Rs. 1,00,000 Add 1% to this to arrive at the landed cost. Please find out the chapter classification, rate of total duty and the duty amount to be paid to the customs to clear this consignment. (Marks 10)

 

Q2. An importer has imported one consignment on FOB basis and the value of the consignment is Rs. 10,00,000.00. He has forgotten to cover the insurance and also did not have any freight certificate to prove the freight paid by him. In absence of insurance and freight certificate how customs will arrive at the CIF value? Please explain the charges that may be added by the customs to arrive at CIF value. (Marks 10)

 

Q3. Please inform the following based on the Customs Tariff & Central excise tariff Book.

a. There are how many sections in Customs Tariff and Central Excise tariff for Imports (5 Marks)

b. There are how many chapters in Customs tariff and Central Excise tariff and how many are blank for Imports. (5 Marks)

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