Assessable Value of Goods Imported under Deferred Payment

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..... of goods - Levy of customs duty thereon. The issue regarding whether interest charged to importers by foreign suppliers under deferred payment scheme, should form part of assessable value or not, has been considered by the Board. Board has also considered decision No. 3.1 on 26.4.84 of the Committee on Customs Valuation, of the then Customs Cooperation Council, regarding treatment of interest .....

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..... re circumstances also indicate that this element has also influenced this selling price, then the interest element would become includible in the assessable value, subject to each case being decided on its own merit. 4. These instructions are issued in modification of Board's earlier instructions on the subject, issued from fn.. 3/ 12/ 57- Cus. VI, dated 27th July, 1957. (copy enclosed for ready .....

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