Customs Valuation Rules, 1988 – Determination of assessable value for goods sold on high seas – reg

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..... ue Central Board of Excise Customs Sub:- Customs Valuation Rules, 1988 - Determination of assessable value for goods sold on high seas - reg. Representations have been received on the Ministry to clarify the manner of determining the value of imported goods imported on high-sea-sales basis. As per the existing practice in Mumbai Custom House, the "high-seas-sales-charges" are added .....

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..... t the immediate sale under consideration took place with a view to export the goods to the country of importation, then such transaction would constitute an international transfer of goods. The later transaction, which led to the import, would be the relevant transaction for assessment and Rule 4 of Customs Valuation Rules, 1988 would apply. Hon'ble Supreme Court, in the case of M/s.Hyderabad In .....

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..... ransfer of goods to the last transaction. In case of doubt regarding the truth or accuracy of the declared value, the Department may reject the declared transaction value and follow the sequential methods of valuation under Customs Valuation Rules, 1988. N. J. Kumaresh Under Secretary (Custom V) - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - .....

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