Valuation of goods sold in DTA: invoice transaction value may be accepted under customs law; other goods follow GST valuation. Valuation of goods manufactured in Export Oriented Units and cleared into the Domestic Tariff Area must follow customs valuation; where an invoice price constitutes a transaction value it may be accepted for assessment. Goods other than those falling under the fourth schedule are to be valued as per applicable GST valuation provisions.
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.
Valuation of goods sold in DTA: invoice transaction value may be accepted under customs law; other goods follow GST valuation.
Valuation of goods manufactured in Export Oriented Units and cleared into the Domestic Tariff Area must follow customs valuation; where an invoice price constitutes a transaction value it may be accepted for assessment. Goods other than those falling under the fourth schedule are to be valued as per applicable GST valuation provisions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.