Cases where transaction value may be rejected - CBEC's Customs Manual 2023 - Customs

..... 7. Cases where transaction value may be rejected: 7.1 The transaction value may not be accepted in the following categories of cases as provided in Rule 3(2) of the said Valuation Rules, 2007: (i) If there are restrictions on use or disposition of the goods by the buyer. However, the transaction value not to be rejected on this ground if restrictions: (a) Are imposed by law or public authorities in India; (b) Limit geographical area of resale; and (c) Do not affect the value of the goods substan .....

x x x x x   Extracts   x x x x x

Cases where transaction value may be rejected - CBEC s Customs Manual 2023 - Customs

x x x x x   Extracts   x x x x x

..... e declared. An Explanation to Rule 12 clarifies that this rule does not, as such, provide a method for determination of value, and that it merely provides a mechanism and procedure for rejection of declared value in certain cases. It also clarifies that where the proper officer is satisfied after consultation with the importer, the declared value shall be accepted. This Explanation also gives certain illustrative reasons that could form the basis for doubting the truth of accuracy of the declare .....

x x x x x   Extracts   x x x x x

Cases where transaction value may be rejected - CBEC s Customs Manual 2023 - Customs

x x x x x   Extracts   x x x x x