Where purchase price fixed in first contract has been subsequently revised prior to importation of goods, then the Customs duty would be payable on revised price

Where purchase price fixed in first contract has been subsequently revised prior to importation of goods, then the Customs duty would be payable on revised price https://www.taxtmi.com/article/detailed?id=6600 Customs duty is payable on the revised purchase price where an initially fixed contract price is subsequently and genuinely amended before importation; a revised price declared in the Bill of Entry and accepted by the assessing officer constitutes the assessable value for duty calculation, provided the revision is bona fide and contemporaneous with the transaction. en-us Thu, 24 Dec 2015 10:04:31 +0530 Thu, 24 Dec 2015 10:04:31 +0530 TaxTMI RSS Generator Where purchase price fixed in first contract has been subsequently revised prior to importation of goods, then the Customs duty would be payable on revised price https://www.taxtmi.com/article/detailed?id=6600 Customs duty is payable on the revised purchase price where an initially fixed contract price is subsequently and genuinely amended before importation; a revised price declared in the Bill of Entry and accepted by the assessing officer constitutes the assessable value for duty calculation, provided the revision is bona fide and contemporaneous with the transaction. Articles Customs - Import - Export - SEZ Thu, 24 Dec 2015 10:04:31 +0530 https://www.taxtmi.com/article/detailed?id=6600