Transaction value of identical goods governs import valuation, with adjustments for commercial level, quantity, and transport differences. Transaction value of identical goods is used to determine the value of imported goods where identical goods were sold for export to India and imported at or about the same time as the goods being valued. Preference is given to identical goods sold at the same commercial level and in substantially the same quantity. Where necessary, adjustments may be made for differences in commercial level, quantity, or transport-related costs and charges, supported by evidence. If more than one transaction value is found, the lowest value is used.
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.
Transaction value of identical goods governs import valuation, with adjustments for commercial level, quantity, and transport differences.
Transaction value of identical goods is used to determine the value of imported goods where identical goods were sold for export to India and imported at or about the same time as the goods being valued. Preference is given to identical goods sold at the same commercial level and in substantially the same quantity. Where necessary, adjustments may be made for differences in commercial level, quantity, or transport-related costs and charges, supported by evidence. If more than one transaction value is found, the lowest value is used.
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