Transaction value governs customs valuation; sequential alternative methods apply when transaction value is unacceptable for imports. These Rules set a hierarchical valuation framework prioritising the transaction value - the price actually paid or payable for goods sold for export to India, subject to acceptability conditions and prescribed adjustments. If unacceptable, valuation proceeds sequentially through transaction value of identical goods, transaction value of similar goods, deductive value based on resale prices in India with specified deductions and allowances, and a residual method using reasonable, objective data. Rule 9 mandates specific additions to the price (commissions, packing, buyer-supplied elements, royalties, transport and insurance) when not included, with apportionment and adjustments made on the basis of objective and quantifiable evidence.
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.
Transaction value governs customs valuation; sequential alternative methods apply when transaction value is unacceptable for imports.
These Rules set a hierarchical valuation framework prioritising the transaction value - the price actually paid or payable for goods sold for export to India, subject to acceptability conditions and prescribed adjustments. If unacceptable, valuation proceeds sequentially through transaction value of identical goods, transaction value of similar goods, deductive value based on resale prices in India with specified deductions and allowances, and a residual method using reasonable, objective data. Rule 9 mandates specific additions to the price (commissions, packing, buyer-supplied elements, royalties, transport and insurance) when not included, with apportionment and adjustments made on the basis of objective and quantifiable evidence.
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