Customs valuation rules clarify transaction value, related-party pricing, and additions for assists, royalties, and deductions. Interpretative notes to the Customs Valuation (Determination of Price of Imported Goods) Rules, 2007 clarify transaction value, related-party pricing, identical and similar goods comparisons, deductive and computed value methods, and the fallback approach. They explain the treatment of direct and indirect payments, buyer's own activities, post-importation charges, restrictions, conditions affecting price, and the need for objective evidence for adjustments. The notes also describe the handling of assists, apportionment, royalties, licence fees, and the requirement that additions be supported by objective and quantifiable data.
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Provisions expressly mentioned in the judgment/order text.
Customs valuation rules clarify transaction value, related-party pricing, and additions for assists, royalties, and deductions.
Interpretative notes to the Customs Valuation (Determination of Price of Imported Goods) Rules, 2007 clarify transaction value, related-party pricing, identical and similar goods comparisons, deductive and computed value methods, and the fallback approach. They explain the treatment of direct and indirect payments, buyer's own activities, post-importation charges, restrictions, conditions affecting price, and the need for objective evidence for adjustments. The notes also describe the handling of assists, apportionment, royalties, licence fees, and the requirement that additions be supported by objective and quantifiable data.
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