Quantity discount on imports accepted, invoice price treated as assessable value, and redemption fine set aside.

Imports exceeding the minimum quantity attracted a variable supplier discount, and that discount had been overlooked in the earlier valuation exercise. On reconsideration, the declared invoice price was found consistent with the appellants' claim after allowing the quantity discount, so the invoice price was accepted as the assessable value. As the valuation basis was corrected to reflect the discount, the redemption fine was set aside.

---

---

Issues: Whether the appellants were entitled to quantity discount for imports exceeding the minimum quantity, with the result that the invoice price should be accepted as the assessable value and the redemption fine set aside.

Analysis: The application for rectification was based on the omission to consider the contention that the supplier's offer provided for a variable discount depending upon the quantity shipped over and above the minimum quantity. The import quantity exceeded the minimum quantity mentioned in the offer, and the Tribunal found that this aspect had been overlooked in the earlier order. On reconsideration, the declared invoice price, after allowing the discount, was found to be substantially in line with the value claimed by the appellants.

Conclusion: The appellants were held entitled to the quantity discount, the invoice price was accepted, and the redemption fine was set aside.

---