https://www.taxtmi.com/caselaws?id=330599 Where imported goods are sold on a high seas sale basis and the commission is contractually fixed, the declared commission must be accepted if supported by the record. A notional loading of 2% of CIF value is not justified merely because a public notice permits such addition where no actual commission basis exists. In the absence of concrete evidence to discredit the agreed commission, the assessable value cannot be enhanced by substituting an assumed percentage for the actual charge. The operative effect is that the impugned enhancement of assessable value was set aside and the declared commission was upheld. en-us Tue, 26 Jul 2016 00:00:00 +0530 Fri, 26 Aug 2016 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330599 Where imported goods are sold on a high seas sale basis and the commission is contractually fixed, the declared commission must be accepted if supported by the record. A notional loading of 2% of CIF value is not justified merely because a public notice permits such addition where no actual commission basis exists. In the absence of concrete evidence to discredit the agreed commission, the assessable value cannot be enhanced by substituting an assumed percentage for the actual charge. The operative effect is that the impugned enhancement of assessable value was set aside and the declared commission was upheld. Case-Laws Customs Tue, 26 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330599