In this Order “landed cost” —
(a) in relation to imported goods means the total value of —
(i) the C.I.F. value of the goods at the port of entry,
(ii) 1% of the invoice value to cover the cost or remittance to place of payment,
(iii) an amount equal to 5% of the C.I.F. value for local handling charge,
(iv) an amount equal to 6% of the C.I.F. value for service charge,
(v) the import duty payable on the goods;
(b) in relation to cement, means the total value of —
(i) the C.I.F. value of the cement at the port of entry,
(iii) an amount equal to 15% of the C.I.F. value for local handling charges,
(c) does not include input Value Added Tax which is the total value of the applicable Value Added Tax rate of the sum of —
(ii) the value of service charge,
(iii) the value of the import duty paid on the goods.
(Substituted by S.I. 55/2016 and by S.I. 49/2017)