Archive for March, 2011
March 15th, 2011 | 
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THE concept of time value of money (time value of money) there are two well-known term that is value for money at this time (present value) and value for money in the future (future value).
These two concepts that inspired the birth of the models investment theory. In concept it is mentioned that the cost of money is different from the future value of money.
Simple illustration above shows that the value of money in the future if ignored just be on the downside. This decrease was caused by rising prices of goods or inflation. Therefore, for future value of money to survive or even grow then that money should be invested in certain investment instruments.
There are a variety of investment instruments in the market, ranging from no risk (risk free investment) until the instrument is at risk. How to calculate the future value of assets invested? It really depends on the type of investment instrument. If the money is invested in time deposits with fixed interest, such as 10 percent per year, it will easily be known how much future value of money within a certain time, depending on how long the money was invested in time deposits. If the money was invested for five consecutive years and investment returns are invested back (compound interest) will be formed formula for future value of money.
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Customs Tariff is a form of Tax levied by the Government on goods that are imported or exported. It is mainly levied on imported goods as it not only serves as a major source of revenue for the government but it also serves as a shield for domestic industry against the competition from foreign goods.
In India, the Central Board of Excise & Customs (CBEC) is the apex body for customs matters. Central Board of Excise and Customs (CBEC) is a part of the Department of Revenue under the Ministry of Finance, Government of India. Custom duties are levied on the goods and at the rates specified in the schedules to the Custom Tariff Act, 1975.
Customs tariff rate is different for different commodities and is based on harmonized tariff schedule which defines the duty to be levied on a particular commodity as a percentage of its assessed value.
Central Board of Excise and Customs mange all import and export products in India, CBEC is a part of Ministry of Finance. CBEC maintain full transparency and levied some taxes those goods which is import or export. These taxes are generating revenue for Indian government and maintain equilibrium in inflation.