https://www.taxtmi.com/news?id=814 The Valuation Rules permit exclusion of expenditures from taxable value only where the service provider qualifies as a pure agent, meeting contractual, title, usage and actual cost conditions; absent those conditions or documentary evidence, reimbursed expenses must be included in the taxable value. Customs duties paid on behalf of the principal typically qualify as pure agent reimbursements if evidenced, while transportation charges qualify only when the actual amount is billed and supported, otherwise they form part of taxable value. en-us Fri, 01 May 2009 08:22:22 +0530 Fri, 01 May 2009 08:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=814 The Valuation Rules permit exclusion of expenditures from taxable value only where the service provider qualifies as a pure agent, meeting contractual, title, usage and actual cost conditions; absent those conditions or documentary evidence, reimbursed expenses must be included in the taxable value. Customs duties paid on behalf of the principal typically qualify as pure agent reimbursements if evidenced, while transportation charges qualify only when the actual amount is billed and supported, otherwise they form part of taxable value. News - Fri, 01 May 2009 08:22:22 +0530 https://www.taxtmi.com/news?id=814