https://www.taxtmi.com/caselaws?id=87104 Customs valuation under the 1988 Rules treats assessable value as the transaction value, meaning the price actually paid or payable for goods sold for export to India. A post-import credit note or concession granted by the foreign supplier because of a long-standing business relationship does not alter the original export sale price. The later reduction is therefore not excluded from transaction value, and the assessable value remains based on the contracted price declared and assessed at import. en-us Thu, 28 Aug 1997 00:00:00 +0530 Fri, 02 Sep 2011 17:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87104 Customs valuation under the 1988 Rules treats assessable value as the transaction value, meaning the price actually paid or payable for goods sold for export to India. A post-import credit note or concession granted by the foreign supplier because of a long-standing business relationship does not alter the original export sale price. The later reduction is therefore not excluded from transaction value, and the assessable value remains based on the contracted price declared and assessed at import. Case-Laws Customs Thu, 28 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87104