The following details are available in respect of J A consignment of 1...
Invoice Price Calculation
- Invoice Price: 1250 kg x ₹20/kg = ₹25,000
- Excise Duty (25%): ₹25,000 x 25% = ₹6,250
- Total Price including Excise: ₹25,000 + ₹6,250 = ₹31,250
Sales Tax and Discounts
- Sales Tax (8% on Invoice including Excise): ₹31,250 x 8% = ₹2,500
- Trade Discount (10% on Invoice Price): ₹25,000 x 10% = ₹2,500
- Net Invoice Amount after Trade Discount: ₹25,000 - ₹2,500 = ₹22,500
Insurance and Delivery Charges
- Insurance (1% on Aggregate Net Price): ₹22,500 x 1% = ₹225
- Delivery Charges: ₹250
Container Costs
- Cost of Containers (60 kg/container for 1250 kg): 1250 kg / 50 kg = 25 containers
- Total Container Cost: 25 x ₹60 = ₹1,500
- Rebate on Returned Containers: 25 containers (1 rejected) - 1 = 24 containers
- Rebate Amount: 24 x ₹40 = ₹960
Loading, Unloading, and Handling Costs
- Cost of Loading, Unloading, and Handling (0.25 of Material Cost):
- Material Cost (Accepted): ₹22,500
- Handling Cost: ₹22,500 x 0.25 = ₹5,625
Landed Cost Calculation
- Total Landed Cost:
- Net Invoice Amount: ₹22,500
- Insurance: ₹225
- Delivery Charges: ₹250
- Container Cost: ₹1,500
- Handling Cost: ₹5,625
- Less Rebate: ₹960
- Total Landed Cost: ₹22,500 + ₹225 + ₹250 + ₹1,500 + ₹5,625 - ₹960 = ₹30,140
Cost Per Kg
- Landed Cost per Kg: ₹30,140 / 1250 kg = ₹24.11
The landed cost of the material is approximately ₹24.11 per kg.