Rule 9 - Residual method

Residual method valuation applied when imported goods' value cannot be determined, subject to specified exclusions.

The Residual method applies when value cannot be determined under earlier rules and requires use of reasonable means consistent with the Rules, based on Indian data. Any value so determined must not exceed the ordinary sale price for such or like goods at the time and place of importation in international trade where buyer and seller are independent and price is sole consideration. The rule prohibits basing residual value on domestic selling price of Indian goods, systems accepting the higher of alternatives, export-country domestic prices, production costs except computed values for identical or similar goods, export prices to other countries, minimum customs values, or arbitrary or fictitious values.