1) Payment of a commission or general expenses 2) Transportation and insurance costs. 3) In India, you must pay customs fees and other taxes. items being valued, plus a profit and general expenses, which are frequently represented in sales of goods of the same class or sort from the country of exportation to the country of importation.
Customs duties are based on the value of commodities and are calculated on a particular or ad valorem basis. Rule 3(i) of the Customs Valuation (Determination of Value of Imported Commodities) Rules, 2007 determines the value of goods.
In most cases, we establish a CIF Base Price condition type that includes the above number. (Assessable Value = CIF Price + Landing Charges.)
Customs duty is an indirect tax that is imposed on goods and services at the time of import and export. Import duty is a tax imposed on the import of goods and services, whereas export duty is a tax imposed on the export of goods and services.
The Customs and Excise Act 91 of 1964 imposes customs duties. They are imposed on imported goods in order to raise revenue and safeguard the domestic market. They are often assessed as a percentage of the products' worth (set in the schedules to the Customs and Excise Act).
Learner's Ratings
4.8
Overall Rating
87%
9%
4%
0%
0%
Reviews
J
Jay Vyas
5
This is just awesome course. I gained so much knowledge about Import-Export Business by learning this course.
LearnVern, you are doing an awesome job by teaching for free.
R
Rudra S
5
Excellent Tutor Kunal Sir has a lot of knowledge about the topic
A
AKASH KIRAN GURAV
5
Detailed course 👍🏻
D
dsfdsfsdf
5
??
T
Toibur rahman
4
great content. make new updated course please
K
Ketan Santosh Sawant
5
Thank you so much LearnVern....😀And Specially kunal Sir
"This course offers knowledge that is not freely available on any platform. The entire course has been taught step by step, providing a comprehensive understanding."
C
chauhan vijay
5
What a course..... thank u so much for this opportunity...
R
Raj kalariya
5
The course content is excellent, attractive, and understandable. If there is a detailed PDF of the course content, then it will be very helpful for viewers to revise the content.
A
Abhishek Bharti
5
The course offers comprehensive content on the export-import process, including documentation, regulations, and logistics. The instructor is experienced, sharing practical insights alongside theory. Hands-on assignments add value, though more real-world projects could enhance learning. The certification is well-recognized, adding credibility to a resume. While resources and flexibility are strong, student support could be faster. Overall, it provides excellent value for those seeking to advance in international trade.
P
prabhat sharma
5
how many companies of import and export are hiring ? please provide the list and is it possible to start it without office as an individual ?
Share a personalized message with your friends.