Customs duty Assessement

[MUNIRAJ SRINIVASAN]

Dear sir, my client has importing material from china , they are giving 20 percent discount on invoice value as per customs duty how we have to pay (100-20) 80 whether 80 percent we have to pay or 100 of invoice value under what provision they are assessing the customs duty on import materails under which provision they are fixing the duty

AI Summary

Customs Duty Payable on Discounted Invoice Value for Imports from China Under Rule 3 of 2007 Valuation Rules. A client is importing materials from China and receiving a 20% discount on the invoice value. The query concerns whether customs duty should be paid on the discounted value (80%) or the full invoice value (100%). The response advises paying customs duty on the discounted value (80%) due to the discount provided. It references Rule 3 of the Customs Valuation (Determination of Price of Imported Goods) Rules, 2007, as the relevant provision for assessing customs duty on the discounted invoice value.