Customs Valuation of goods sold on high seas

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..... efer to the Minutes of the Conference of Collector of Customs held in Calcutta in December, 1988 and to say that the question of valuation of goods sold at high seas before their importation was again examined by the Board. It was observed that adopting the sale price at High Seas for the purpose of Valuation is perfectly within the provisions of the GATT Valuation Code. It was, accordingly decide .....

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..... le Distributors with whom the State Trading Corporation eventually place licences for import and are meant to cover expenses incurred by the State Trading Corporation in calling for quotations etc. The Board is accordingly of the view that the service charges cannot be considered to be 'expenses' incurred by the importers in their capacity as Sole Agents or by STC in similar capacity. Hence the Bo .....

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