TaxTMI 
TaxTMI 
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
Customs duty Assessement
10 Mar 2014 
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Customs valuation: invoice discounts can reduce the assessable transaction value for import duty under valuation rules.
Customs duty should be computed on the invoiced value net of the exporter's discount, so the discounted invoice forms the basis of assessment; refer to Rule 3 of the Customs Valuation (Determination of Price of imported Goods) Rules, 2007 for valuation treatment of such discounts and effect on transaction value for duty assessment. (AI Summary)
Customs duty should be computed on the invoiced value net of the exporter's discount, so the discounted invoice forms the basis of assessment; refer to Rule 3 of the Customs Valuation (Determination of Price of imported Goods) Rules, 2007 for valuation treatment of such discounts and effect on transaction value for duty assessment. (AI Summary)