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< Back to questions :: Q&A / Import / Boats and Ships

Costs Excluded from the Assessable Value

Boats and Ships
From Argentina
To India
314 views / 1 experts
May 18, 2022

Is there something excluded from the assessable value?

1 answer

May 18, 2022

The following costs are excluded from the assessable value:

  1. Charges for construction, erection, assembly, maintenance or technical assistance undertaken after importation of plant, machinery or equipment;
  2. Cost of transport after importation;
  3. Duties and taxes in India; and,
  4. Types of duties on exports and imports in India are covered in the Customs Tariff Act 1975. The Act provides all the laws and regulations related to customs in India.
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