https://www.taxtmi.com/circulars?id=12010 For high-seas sales the transaction on the high seas is the relevant transaction and the last buyer is the importer; declared high-seas sales charges are added to CIF (generally treated as two percent of CIF unless actual charges are higher), and where the actual high-seas sale contract price is known and exceeds CIF plus sales charges, that actual contract price is to be taken as the customs value for assessment. en-us Mon, 03 May 2004 00:00:00 +0530 Sat, 05 Jan 2013 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=12010 For high-seas sales the transaction on the high seas is the relevant transaction and the last buyer is the importer; declared high-seas sales charges are added to CIF (generally treated as two percent of CIF unless actual charges are higher), and where the actual high-seas sale contract price is known and exceeds CIF plus sales charges, that actual contract price is to be taken as the customs value for assessment. Circulars Customs Mon, 03 May 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=12010