Interest on deferred import payments: excluded from customs assessable value unless it influences the transaction price. Interest charged by foreign suppliers on deferred payment is not normally includible in the assessable value if the interest has no nexus to the goods' value, is separately invoiced, there is no financing arrangement or special relationship influencing price, and the declared price represents the price actually paid or payable in the ordinary course of trade. If evidence shows the interest influenced the selling price, it must be included; cases are to be decided on their merits.
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.
Interest on deferred import payments: excluded from customs assessable value unless it influences the transaction price.
Interest charged by foreign suppliers on deferred payment is not normally includible in the assessable value if the interest has no nexus to the goods' value, is separately invoiced, there is no financing arrangement or special relationship influencing price, and the declared price represents the price actually paid or payable in the ordinary course of trade. If evidence shows the interest influenced the selling price, it must be included; cases are to be decided on their merits.
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