https://www.taxtmi.com/article/detailed?id=456 Convergence is necessary because transfer pricing and customs valuation both seek to prevent revenue loss from related party international transactions, but differ in mandate: transfer pricing addresses potential over valuation for income tax, while customs valuation targets under valuation for customs duty. Demonstration of conformity with the Arm's Length Principle should resolve valuation conflicts, yet divergent statutory rules, methods (CUP/TVI/TVS, Resale Price/Deductive Value, Cost Plus/Computed Value), evidentiary standards and treatment of intangibles produce inconsistent outcomes and duplicate taxpayer burdens; administrative coordination and clearer rules could enable harmonisation. en-us Sat, 08 Aug 2009 16:54:22 +0530 Thu, 10 Dec 2009 19:03:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=456 Convergence is necessary because transfer pricing and customs valuation both seek to prevent revenue loss from related party international transactions, but differ in mandate: transfer pricing addresses potential over valuation for income tax, while customs valuation targets under valuation for customs duty. Demonstration of conformity with the Arm's Length Principle should resolve valuation conflicts, yet divergent statutory rules, methods (CUP/TVI/TVS, Resale Price/Deductive Value, Cost Plus/Computed Value), evidentiary standards and treatment of intangibles produce inconsistent outcomes and duplicate taxpayer burdens; administrative coordination and clearer rules could enable harmonisation. Articles Customs - Import - Export - SEZ Sat, 08 Aug 2009 16:54:22 +0530 https://www.taxtmi.com/article/detailed?id=456