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Question 8: (a) An Indian dealer imported 50 machines from USA @ 320 dollars per machine. However, the following expenses are not included in it 1. Packing Charges 20 dollars per machine2. Transportation charges to Indian Port 200 dollars3. Transit Insurance premium 40 dollars4. Brokerage (excluding buying commission) 70 dollarsThe dealer incurred the following expenses after delivery at the port1. Transportation charges from port to his godown Rs. 4,000II. Insurance premium Rs. 200III.Octroi Rs. 3,000.Compute the assessable value as per custom act. Exchange rate is 1 dollar = Rs. 72 |
Answer» Photosynthesis is a PROCESS used by plants and other organisms to convert light ENERGY into chemical energy that, through cellular RESPIRATION, can later be RELEASED to fuel the organism's metabolic activities |
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