My client imports goods from China. The Invoice value say is Rs.1,00,000/-.The Custom dept values th

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..... My client imports goods from China. The Invoice value say is Rs.1,00,000/-.The Custom dept values the goods at Rs.2,00,000/- and imposes duty of 30% which amounts to Rs.60,000/- Now what is the purcha .....

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..... se price for the goods. Is it Rs.1,60,000/- or Rs.2,60,000/-.Whether Sales Tax Authority can dispute the sale price based on custom valaution and reject the books of accounts stating that the sales ar .....

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..... e undervalued. - Reply By dayashankar - The Reply = The purchase price for the goods is Rs.1,60,000 because this is the amount actually paid by the importer for the good. Sales tax authority accepted .....

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..... the price of invoice and the custom duty which he paid on it - My client imports goods from China. The Invoice value say is Rs.1,00,000/-.The Custom dept values th - Query Started By: - MANISH GOYAL .....

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..... Dated:- 15-9-2007 Customs - Import - Export - Customs - SEZ - Got 1 Reply - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanag .....

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..... ementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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