Calculations of Royalties and deduction of buying commission, in the Valuation of goods under the Customs Valuation Rules, 1988

Calculations of Royalties and deduction of buying commission, in the Valuation of goods under the Customs Valuation Rules, 1988 https://www.taxtmi.com/circulars?id=6020 Royalties and licence fees must be added to invoice value only when they relate to the imported goods and are paid as a condition of sale; if such royalties cannot be objectively quantified, the transaction value may be rejected and valuation proceeded under successive rules. Test values are applicable to related party transactions and, if unavailable or unacceptable, permit adoption of alternative valuation methods rather than arbitrary additions. Buying commissions are not deductible from invoice value and are excluded from computing transaction value; an agent issuing the invoice is treated as the seller. en-us Tue, 29 Aug 1989 00:00:00 +0530 Mon, 29 Jun 2009 15:49:00 +0530 TaxTMI RSS Generator Calculations of Royalties and deduction of buying commission, in the Valuation of goods under the Customs Valuation Rules, 1988 https://www.taxtmi.com/circulars?id=6020 Royalties and licence fees must be added to invoice value only when they relate to the imported goods and are paid as a condition of sale; if such royalties cannot be objectively quantified, the transaction value may be rejected and valuation proceeded under successive rules. Test values are applicable to related party transactions and, if unavailable or unacceptable, permit adoption of alternative valuation methods rather than arbitrary additions. Buying commissions are not deductible from invoice value and are excluded from computing transaction value; an agent issuing the invoice is treated as the seller. Circulars Customs Tue, 29 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6020