https://www.taxtmi.com/acts?id=7093 Residual valuation applies only when imported goods cannot be valued under the preceding customs valuation rules. The value must then be determined by reasonable means consistent with the valuation rules, using data available in India, and must not exceed the ordinary international trade price at the time and place of importation where buyer and seller are independent and price is the sole consideration. The rule excludes valuation based on domestic selling prices, higher of alternative values, domestic export-market prices, improper production costs, third-country export prices, minimum customs values, or arbitrary or fictitious values. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 08 Jul 2026 14:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7093 Residual valuation applies only when imported goods cannot be valued under the preceding customs valuation rules. The value must then be determined by reasonable means consistent with the valuation rules, using data available in India, and must not exceed the ordinary international trade price at the time and place of importation where buyer and seller are independent and price is the sole consideration. The rule excludes valuation based on domestic selling prices, higher of alternative values, domestic export-market prices, improper production costs, third-country export prices, minimum customs values, or arbitrary or fictitious values. Act-Rules Customs Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7093