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Customs - Highlights / Catch Notes

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Valuation of imported goods - Since Section 14 of the Act ...


Valuation of Imported Goods: Section 14 Requires Use of Actual Transaction Price from Overseas Supplier for Export to India.

January 15, 2019

Case Laws     Customs     AT

Valuation of imported goods - Since Section 14 of the Act mandates that the value of the goods is to be considered on the basis of the price actually paid or payable for the goods, when sold for export to India, the negotiated price offered by the overseas supplier should be considered as the transaction value.

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