https://www.taxtmi.com/caselaws?id=250820 Declared transaction value for imported goods was accepted where the later contract was entered into on 06.11.2008 at the prevailing market price and the earlier higher-priced shipment had not resulted in a completed sale or delivery. Customs valuation under section 14 of the Customs Act, 1962 had to reflect the price actually paid or payable for the goods sold for export to India, so the declared invoice value could not be rejected merely by reference to an abandoned prior import or unrelated contemporaneous figures. The assessable value was to include demurrage charges paid on behalf of the supplier up to the date of contract under Rule 10(1)(e) of the Customs Valuation Rules, 2007. en-us Fri, 18 Jul 2014 00:00:00 +0530 Wed, 26 Nov 2014 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250820 Declared transaction value for imported goods was accepted where the later contract was entered into on 06.11.2008 at the prevailing market price and the earlier higher-priced shipment had not resulted in a completed sale or delivery. Customs valuation under section 14 of the Customs Act, 1962 had to reflect the price actually paid or payable for the goods sold for export to India, so the declared invoice value could not be rejected merely by reference to an abandoned prior import or unrelated contemporaneous figures. The assessable value was to include demurrage charges paid on behalf of the supplier up to the date of contract under Rule 10(1)(e) of the Customs Valuation Rules, 2007. Case-Laws Customs Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250820