Assessable Value of Goods Imported under Deferred Payment

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..... deferred payment, made by Indian importer to foreign supplier 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 Val .....

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..... ified that where there is evidence to indicate a nexus between the price of goods and the interest element, and where 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 ea .....

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