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FOB transaction value and export incentives: customs valuation cannot override contractual export benefits or support confiscation without valid proof...
The ruling determines that bundled sale of printing inks and various consumables is not a composite supply because the bundle is not 'naturally bundled' nor does any single good qualify as the 'principal supply'; instead the package is a mixed supply and taxable accordingly. The supply is a continuous supply with periodic invoicing; time of supply is the earlier of invoice date or payment under Section 12(2). Transaction value is the per-click/per-impression amount stated in the invoice and governs valuation under Section 15.
The ruling determines that bundled sale of printing inks and various consumables is not a composite supply because the bundle is not 'naturally bundled' nor does any single good qualify as the 'principal supply'; instead the package is a mixed supply and taxable accordingly. The supply is a continuous supply with periodic invoicing; time of supply is the earlier of invoice date or payment under Section 12(2). Transaction value is the per-click/per-impression amount stated in the invoice and governs valuation under Section 15.
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