valuation ryle for nidb data ( customs loading higher side value as well as previous shipment .

[Asked by Guest]

dear sir,

 pl. advice for nidb valuation rules, becuase customs want to loading value as well as previous  shipment however at the time of import qty is 1 kg & right now import qty is 100 kgs , customs want  to load value as per prv. prv. ship. value is 550/kg & recent value is 180/kg

 thanks & rgds

 manoj dave

[Radha Arun]

Customs are wrong. Quantity is a relevant factor in price. Also, NIDB data is only a guideline for customs, they cannot blindly load on that basis. There is case law on this. Valuation has to be done strictly as per section 14 and valuation rules.

AI Summary

Customs valuation: NIDB data is guideline only and quantity must be considered when determining import value.
Customs valuation must consider transaction-specific factors and quantity is relevant to price; NIDB data is only a guideline and cannot be used alone to load value based on prior shipments. Valuation must follow the statutory valuation framework and valuation rules rather than mechanically adopting external or historical prices.