Valuation of imported goods: retail sale price deemed subject to notified abatements where like goods are specified; maximum RSP used. The amendment deems the customs value of imported articles that must declare a retail sale price to be the declared retail sale price less any abatement the Central Government may notify, where the imported article corresponds to a notified like article or class of articles; if multiple retail sale prices are declared, the highest price is taken.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Valuation of imported goods: retail sale price deemed subject to notified abatements where like goods are specified; maximum RSP used.
The amendment deems the customs value of imported articles that must declare a retail sale price to be the declared retail sale price less any abatement the Central Government may notify, where the imported article corresponds to a notified like article or class of articles; if multiple retail sale prices are declared, the highest price is taken.
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