Customs valuation definitions for export goods clarify like kind and quality, transaction value, and related persons for valuation rules. Goods of like kind and quality are export goods identical or similar in physical characteristics, quality, reputation, functional performance, or commercial interchangeability with the goods being valued, whether produced by the same person or another person. Transaction value means the value of export goods within the meaning of section 14(1) of the Customs Act, 1962.
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 definitions for export goods clarify like kind and quality, transaction value, and related persons for valuation rules.
Goods of like kind and quality are export goods identical or similar in physical characteristics, quality, reputation, functional performance, or commercial interchangeability with the goods being valued, whether produced by the same person or another person. Transaction value means the value of export goods within the meaning of section 14(1) of the Customs Act, 1962.
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