https://www.taxtmi.com/caselaws?id=84049 Imported goods are assessed under the Customs Act on the value at the time and place of importation, so freight, insurance and landing charges are includible in assessable value. Where the importer's own manufacturer's invoice is unimpeached and certifies the declared price as true, that invoice value may be accepted and a claimed 15% discount rejected if no trade discount is shown. Separate values disclosed for fitted air-conditioners and radio-stereos permit separate assessment at applicable rates rather than inclusion in a single car value. No depreciation is allowable from shipment to delivery merely because the goods were in transit, absent any supporting rule or entitlement. en-us Tue, 15 Jan 1985 00:00:00 +0530 Tue, 19 Jul 2011 15:23:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84049 Imported goods are assessed under the Customs Act on the value at the time and place of importation, so freight, insurance and landing charges are includible in assessable value. Where the importer's own manufacturer's invoice is unimpeached and certifies the declared price as true, that invoice value may be accepted and a claimed 15% discount rejected if no trade discount is shown. Separate values disclosed for fitted air-conditioners and radio-stereos permit separate assessment at applicable rates rather than inclusion in a single car value. No depreciation is allowable from shipment to delivery merely because the goods were in transit, absent any supporting rule or entitlement. Case-Laws Customs Tue, 15 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84049