https://www.taxtmi.com/circulars?id=1803 Valuation of export goods follows a sequential framework: the transaction value is preferred where a sale is under fully competitive conditions. Failing that, valuation proceeds by comparison with goods of like kind and quality (with specified adjustments), then by a computed value aggregating material, processing, brand/fashion value, profit and export-related costs, and finally by a residual method using relevant materials and reasonable means, subject to an arm's-length upper limit. The proper officer may reject declared values when reasonable doubt exists, request further evidence and afford the exporter a hearing. en-us Tue, 20 Mar 2007 00:00:00 +0530 Thu, 26 Feb 2009 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1803 Valuation of export goods follows a sequential framework: the transaction value is preferred where a sale is under fully competitive conditions. Failing that, valuation proceeds by comparison with goods of like kind and quality (with specified adjustments), then by a computed value aggregating material, processing, brand/fashion value, profit and export-related costs, and finally by a residual method using relevant materials and reasonable means, subject to an arm's-length upper limit. The proper officer may reject declared values when reasonable doubt exists, request further evidence and afford the exporter a hearing. Circulars Customs Tue, 20 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1803