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Customs - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Rejection of value - Only in special circumstances ...

Customs

August 30, 2013

Rejection of value - Only in special circumstances particularized in Rule 4(2) of the Customs Valuation Rules, 1988, valuation needs to be done under the Customs Valuation Rules. If these special circumstances are absent, it is mandatory for the Customs to accept the price actually paid or payable for the goods in the particular transaction - AT

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