Customs valuation factors require inclusion of specified additions and permitted deductions affecting assessable value under valuation rules. Customs valuation adjusts the transaction price by specified factors by addition-commissions, container and packing costs, apportioned value of buyer supplied materials and tools, external engineering/design work, royalties and licence fees payable as a condition of sale, proceeds of resale accruing to the seller, advance payments, transport/loading/unloading/handling charges to the place of importation (including demurrage, lighterage and barge charges), insurance, and other payments not included in the price-and permits deductions for declared interest on deferred payment, post importation charges, and import duties and taxes. Royalties and similar payments remain includible even if the process occurs after importation.
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.
Customs valuation factors require inclusion of specified additions and permitted deductions affecting assessable value under valuation rules.
Customs valuation adjusts the transaction price by specified factors by addition-commissions, container and packing costs, apportioned value of buyer supplied materials and tools, external engineering/design work, royalties and licence fees payable as a condition of sale, proceeds of resale accruing to the seller, advance payments, transport/loading/unloading/handling charges to the place of importation (including demurrage, lighterage and barge charges), insurance, and other payments not included in the price-and permits deductions for declared interest on deferred payment, post importation charges, and import duties and taxes. Royalties and similar payments remain includible even if the process occurs after importation.
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