Accounting

In the context of customs and international trade, "assurable value" refers to the value of imported goods that can be reasonably determined and verified by customs authorities for the purpose of assessing customs duties and taxes. It is the value used as the basis for calculating applicable duties, taxes, and fees on imported goods. Accounting Course

Customs authorities use the assurable value to ensure that the correct amount of customs duties and taxes are levied on imported goods. The assurable value is typically based on the transaction value of the goods, which is the actual price paid or payable for the goods when sold for export to the country of importation. However, certain adjustments may be made to this value to accurately reflect the total cost of the goods, including additions such as packing costs, royalties, and certain commissions, or deductions for certain expenses incurred after shipment. Accounting Training Course

The concept of assurable value is important in preventing under- or over-valuation of imported goods, which could lead to inaccurate assessment of customs duties and taxes. It helps ensure a fair and transparent valuation process that aligns with international customs standards, such as those established by the World Trade Organization (WTO) and the World Customs Organization (WCO). Accounting Certification Course

It's worth noting that customs valuation rules and regulations can vary from country to country, and customs authorities may have specific guidelines and methods for determining the assurable value of imported goods. Traders and importers are required to provide accurate and complete information about the transaction value and related costs to customs authorities to facilitate the correct assessment of duties and taxes.

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Depending on the candidate's category, different cut-off scores apply for the B.Com. in Accounts and Finance at CMS College of Science and Commerce. The college provides a B.Com in Accounts and Finance as one of the specializations under the B.Com degree, according to web search results. The topic of the course is the application of accounting and finance theories and procedures to the world of business. The requirement for admission to the programme is passing the 10+2 exam with business and commerce as their primary fields of study.

Due to more students taking commerce-related questions on the Class XII state board exams this year, the cut-off for B.Com (general), the most popular degree among students, has risen above 99% in the city's leading colleges. The threshold may be 97-98%.