Question Subhan (U) LTD is a major importer of aluminum products in Uganda. you recently met the managing director of Subhan (U) LTD and he is seeking your advice on a number of issues including customs valuation, computation of customs duties, customs offences among others. in your meeting with the MD you discover that Subhan LTD imported a consignment of 20 metric tons of galvanized water pipes from sandstone LTD one of the biggest aluminum manufacturers in India. The consignment was invoiced at USD 22,000, ex-factory plus freight and insurance of USD 2,900. The freight and insurance is comprised of the following USD200 for road transport carrier delivering the goods to the sea port of loading on the seagoing vessel in transit to Mombasa, USD 1,800 for ocean freight and insurance to Mombasa. After clearance in Mombasa, the company paid the transporter USD 700 to deliver the goods. The company paid insurance of USD 200 to secure the goods Mombasa the shipper. Awaiting loading on the seagoing vessel, the goods were temporarily stored at Mumbai seaport for two days by transit carrier for which Subhan (U)LTD was charged USD 180. Subhan (U) LTD also separately paid USD 75 for loading, offloading, handling and documentation charges to Mumbai. Required a) Explain to the MD of Subhan (U) LTD the meaning of customs Valuation (2 marks) b) Determine the customs value of the galvanized water pipes imported by Subhan (U) LTD (5marks) c) Compute the total amount of tax payable on the 20 metric tons of galvanized water pipes imported by Subhan (U) LTD using the exchange rate of 1USD =USH 3640, import duty 25% VAT rate of 18% and withholding tax (WHT) 6%. (8 marks) d) Explain the MD of Subhan Ltd at least ten custom offences and their respective fines in detail (10 marks) e) Outline the power of a customs officer in detail (5 marks)

you are the minister of trade and industry for Uganda and you have been asked to intervene in this matter .write an advice note of about 400 words to the government on the matter of trade.

Manufacturing firms in Uganda in one detailed paragraph with the latest references

Company A, a manufacturer based in China, entered into a contract with Company B, a distributor located in Kampala, Uganda, for the sale of industrial machinery crucial for Company B's manufacturing operations. The contract between Company A and B stipulated that Company A would be responsible for delivering the machinery to Company B's warehouse in Kampala, Uganda, with the agreed incoterm being CIF (Cost, Insurance, and Freight) Mombasa. Additionally, Company A procured a comprehensive cargo insurance policy specifically tailored for the international shipment of the heavy machinery to Company B. The policy covered various perils, including physical damage caused by accidents, rough handling during loading and unloading, natural disasters such as storms and floods, theft and vandalism. In its exclusions, while the policy offered comprehensive coverage, certain exclusions applied, such as damage resulting from inadequate packaging, inherent vice, wear and tear, and deliberate acts of misconduct or negligence. During transit, the machinery sustained damages due to damage caused by a leakage in the ship’s hull specifically the room where the goods were located. It was later discovered that the ship had not been serviced for over 8 – months. The damage to the goods led to a dispute between the parties. Company B refused to accept the delivery, arguing that the damages render the machinery unusable and demanded compensation from Company A. Both companies and the ship – owner are before you hoping to resolve this issue without going to court and they would like you to carefully analyse their positions and advise on who is responsible for the damage. You are required to analyse the following: - a) The character and essence of Incoterm Company A and B opted to adopt for their contract. (10 marks) b) The effect of insurance that was taken out by Company A. (10 marks) c) The duties and responsibilities of each of the three parties before you. (10 marks) d) Who is responsible to compensate Company B, if at all Company B should be compensated. (10 marks)

Draft a problem statement showing the problem, the cause of the problems in the export sector of Uganda in one detailed paragraph with the latest references

The following is the demand and supply quantities for Firm X at different price points. The company manufactures shoes and is based out of Agra. Earlier, its factory was based within a peripheral distance of 1.5 km of the Taj Mahal, and because of government interventions, the factory had to relocate. The pollution emitted by the factory was causing permanent damage to the porous marble that was used for constructing the Taj Mahal.Price (cost per unit) (in ₹)Quantity demanded (in thousands)Quantity supplied (pre-environment tax) (in thousands)Quantity supplied (post-environment tax) (in thousands)1075035032515675400375205604754502549051549030360570545 What is Firm X’s new equilibrium price and new equilibrium quantity, respectively, after taking into account the environment tax?₹25 and 490,000₹20 and 560,000₹15 and 675,000₹30 and 360,000