Customs valuation by TELCO price list: 15% trade discount allowed for the imported car.

An imported car's assessable value for customs was examined against the TELCO price list, with the Tribunal applying an earlier similar ruling that had allowed a 15% trade discount for an imported Mercedes Benz car. Because the lower authorities had also used the TELCO price list for valuation, the same valuation approach was followed. The 15% discount was allowed on the TELCO price list, and the appeal succeeded.

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Issues: Whether the imported car was entitled to a 15% trade discount on the TELCO price list while determining its assessable value for customs purposes.

Analysis: The Tribunal found that an earlier order on similar facts had granted a 15% discount on the TELCO price list in respect of an imported Mercedes Benz car. As the lower authorities had also relied on the TELCO price list for valuation, the same approach was followed.

Conclusion: The 15% discount on the TELCO price list was allowed and the appeal succeeded.

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