Customs valuation adjustments set default transport, insurance and ancillary charge rates when actual import costs are unascertainable. Amendment to rule 9(2) prescribes presumptive valuation measures: where transport cost is not ascertainable it shall be a fixed proportion of the free on board value; ancillary charges shall be a fixed proportion of the free on board value plus transport and insurance amounts; where insurance cost is not ascertainable it shall be a fixed proportion of the free on board value. For air imports an ascertainable transport cost is capped at that presumptive ceiling, and where free on board value is not ascertainable the presumptive transport and insurance amounts apply together.
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 adjustments set default transport, insurance and ancillary charge rates when actual import costs are unascertainable.
Amendment to rule 9(2) prescribes presumptive valuation measures: where transport cost is not ascertainable it shall be a fixed proportion of the free on board value; ancillary charges shall be a fixed proportion of the free on board value plus transport and insurance amounts; where insurance cost is not ascertainable it shall be a fixed proportion of the free on board value. For air imports an ascertainable transport cost is capped at that presumptive ceiling, and where free on board value is not ascertainable the presumptive transport and insurance amounts apply together.
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