Customs valuation: transaction value must include buyer incurred costs and services when valuing imported goods for customs purposes. Rule 9 requires that the transaction value of imported goods include specified buyer-incurred costs and services not reflected in the price actually paid or payable, including commissions, container and packing costs, supplied materials and tooling, royalties or licence fees required as a sale condition, proceeds accruing to the seller, and other conditional payments. The deliverable value at importation must also encompass transport to the place of importation, loading/unloading/handling charges and insurance, with prescribed assumptions where costs are not ascertainable, and all additions must rest on objective and quantifiable data.
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.
Customs valuation: transaction value must include buyer incurred costs and services when valuing imported goods for customs purposes.
Rule 9 requires that the transaction value of imported goods include specified buyer-incurred costs and services not reflected in the price actually paid or payable, including commissions, container and packing costs, supplied materials and tooling, royalties or licence fees required as a sale condition, proceeds accruing to the seller, and other conditional payments. The deliverable value at importation must also encompass transport to the place of importation, loading/unloading/handling charges and insurance, with prescribed assumptions where costs are not ascertainable, and all additions must rest on objective and quantifiable data.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
