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Customs - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Valuation - Import from related parties - addition of 10% under ...


Import Valuation Adjusted: 1% Profit Loading Replaces 10% Overhead for Related Party Imports (April 2006-April 2008.

October 9, 2014

Case Laws     Customs     AT

Valuation - Import from related parties - addition of 10% under 'overheads' on the imports made from April 2006 to April 2008 is justified - loading of a nominal profit of 1% (one percent) on the declared value would be suffice instead of 10% - AT

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