Transaction Value principle accepted for DTA clearances of EOU scrap and waste under customs valuation rules. Assessing officers must accept invoice value for assessment of goods, including scrap and waste, cleared into the Domestic Tariff Area by 100% EOUs and units in EPZ, STP and EHTP when that invoice value conforms to the Transaction Value principle under the Customs Valuation Rules; this Board instruction reiterates existing guidance and applies equally to scrap and waste.
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.
Transaction Value principle accepted for DTA clearances of EOU scrap and waste under customs valuation rules.
Assessing officers must accept invoice value for assessment of goods, including scrap and waste, cleared into the Domestic Tariff Area by 100% EOUs and units in EPZ, STP and EHTP when that invoice value conforms to the Transaction Value principle under the Customs Valuation Rules; this Board instruction reiterates existing guidance and applies equally to scrap and waste.
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