https://www.taxtmi.com/caselaws?id=86566 Interest separately disclosed in an invoice under a deferred payment arrangement is not includible in the customs assessable value where the arrangement covers deferred payment terms and the interest is distinct from the price actually paid or payable. Accepted customs valuation principles and Ministry of Finance instructions treat such financing charges as outside customs value when they are separately shown and clearly identifiable. On those facts, the interest component was excluded from assessable value, and the importer's position was upheld. en-us Tue, 28 Jan 1997 00:00:00 +0530 Thu, 25 Aug 2011 16:15:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86566 Interest separately disclosed in an invoice under a deferred payment arrangement is not includible in the customs assessable value where the arrangement covers deferred payment terms and the interest is distinct from the price actually paid or payable. Accepted customs valuation principles and Ministry of Finance instructions treat such financing charges as outside customs value when they are separately shown and clearly identifiable. On those facts, the interest component was excluded from assessable value, and the importer's position was upheld. Case-Laws Customs Tue, 28 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86566