https://www.taxtmi.com/circulars?id=55566 Valuation for high seas sales treats the last buyer as the importer; a standard 2% addition to CIF is generally applied as high seas sale charges but documented actual charges exceeding 2% must be added, and if the actual high seas sale contract price is known and exceeds CIF plus those charges the actual contract price shall be taken as the value for duty assessment. en-us Tue, 03 Dec 2002 00:00:00 +0530 Wed, 28 Dec 2016 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55566 Valuation for high seas sales treats the last buyer as the importer; a standard 2% addition to CIF is generally applied as high seas sale charges but documented actual charges exceeding 2% must be added, and if the actual high seas sale contract price is known and exceeds CIF plus those charges the actual contract price shall be taken as the value for duty assessment. Circulars Customs Tue, 03 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55566