Valuation of polymers: use PLATT international prices as the benchmark and restrict deviations to authorised, tested discounts. Assessment of imported polymers and related products is to rely on weekly PLATT international prices as the primary benchmark; the PLATT rate of the week prior to opening of an irrevocable L/C or, for registered non-L/C contracts, the PLATT rate on the contract date (subject to shipment timing) shall determine assessable value. No variation from PLATT for prime grade; limited downward discounts allowed for off-grade, re-generated polymers, floor sweepings and stock lots only with supervisory approval, provisional assessment and accredited testing. Freight, insurance and landing charges are added to PLATT (FOB) to arrive at assessable value.
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Provisions expressly mentioned in the judgment/order text.
Valuation of polymers: use PLATT international prices as the benchmark and restrict deviations to authorised, tested discounts.
Assessment of imported polymers and related products is to rely on weekly PLATT international prices as the primary benchmark; the PLATT rate of the week prior to opening of an irrevocable L/C or, for registered non-L/C contracts, the PLATT rate on the contract date (subject to shipment timing) shall determine assessable value. No variation from PLATT for prime grade; limited downward discounts allowed for off-grade, re-generated polymers, floor sweepings and stock lots only with supervisory approval, provisional assessment and accredited testing. Freight, insurance and landing charges are added to PLATT (FOB) to arrive at assessable value.
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