FOB value exclusion of agency commission affects valuation for export authorizations under advance authorisation procedures. A provision added to ANF application guidelines clarifies that FOB value of export for valuation adjustment purposes is to be calculated after excluding agency commission; this procedural amendment applies to the processing of Advance Authorisation clubbing, redemption/no-bond certificate applications, and DFIA applications for authorisations issued on or after the effective date.
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.
FOB value exclusion of agency commission affects valuation for export authorizations under advance authorisation procedures.
A provision added to ANF application guidelines clarifies that FOB value of export for valuation adjustment purposes is to be calculated after excluding agency commission; this procedural amendment applies to the processing of Advance Authorisation clubbing, redemption/no-bond certificate applications, and DFIA applications for authorisations issued on or after the effective date.
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