Transaction value rule: warehoused goods sold before clearance taxed at the higher of computed value or transaction value.

Where goods deposited in a customs warehouse are sold before clearance, the value for computing integrated tax and compensation cess is the higher of the value determined under the relevant existing subsection or the transaction value; for partial sales the higher of the proportionate statutory value or the transaction value applies; multiple pre-clearance sales use the transaction value of the last sale; unsold warehoused goods are valued per the pre-existing statutory provisions. "Transaction value" means the amount paid or payable as consideration for the sale.

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