https://www.taxtmi.com/article/detailed?id=75 Amendments affirm transaction value primacy for import and export valuation under amended Section 14 and notify revised rules that retain traditional valuation methods (transaction, identical/similar, deductive, computed, residual) with renumbering and targeted clarifications. Certain prior transaction-value conditions were removed and recast as grounds for doubting declared values; the residual method is limited by ordinary market prices and reintroduces a deemed-value concept. Explanations expand additions to value (including royalties payable for post-import processing) and transport costs (including demurrage). Rule 12 provides a procedure to reject declared values and mandates sequential application of alternate valuation methods when rejection occurs. en-us Tue, 18 Sep 2007 00:00:00 +0530 Thu, 05 Mar 2009 16:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=75 Amendments affirm transaction value primacy for import and export valuation under amended Section 14 and notify revised rules that retain traditional valuation methods (transaction, identical/similar, deductive, computed, residual) with renumbering and targeted clarifications. Certain prior transaction-value conditions were removed and recast as grounds for doubting declared values; the residual method is limited by ordinary market prices and reintroduces a deemed-value concept. Explanations expand additions to value (including royalties payable for post-import processing) and transport costs (including demurrage). Rule 12 provides a procedure to reject declared values and mandates sequential application of alternate valuation methods when rejection occurs. Articles Customs - Import - Export - SEZ Tue, 18 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=75