https://www.taxtmi.com/acts?id=1621 The rule sets transaction value as the primary customs valuation method: the price actually paid or payable for goods sold for export to India, adjusted under the valuation adjustment provisions. Acceptance requires ordinary competitive sale conditions, absence of abnormal or special discounts, objective data for adjustments, limited permissible restrictions on use or disposition, no unadjusted proceeds returning to the seller, and normally unrelated buyer and seller; where related parties transact, the declared value is acceptable only if relationship did not influence price or it closely approximates contemporaneous comparable or deductive or computed values with appropriate adjustments. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 30 May 2008 15:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=1621 The rule sets transaction value as the primary customs valuation method: the price actually paid or payable for goods sold for export to India, adjusted under the valuation adjustment provisions. Acceptance requires ordinary competitive sale conditions, absence of abnormal or special discounts, objective data for adjustments, limited permissible restrictions on use or disposition, no unadjusted proceeds returning to the seller, and normally unrelated buyer and seller; where related parties transact, the declared value is acceptable only if relationship did not influence price or it closely approximates contemporaneous comparable or deductive or computed values with appropriate adjustments. Act-Rules Customs Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=1621