https://www.taxtmi.com/circulars?id=63073 Customs valuation rules clarify that transaction value means the value under section 14(1); provisos prevent use of provisionally assessed values for identical or similar goods; the residual method is aligned with WTO valuation principles. Rule 10 requires inclusion of royalties, licence fees or other payments tied to a process in the customs value even if the process occurs post-importation, and transport cost expressly includes ship demurrage and lighterage/barge charges. The rejection-of-declared-value provision is framed as a procedural mechanism allowing acceptance after consultation and identifying illustrative grounds for doubt. en-us Wed, 11 Oct 2017 00:00:00 +0530 Wed, 06 Nov 2019 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63073 Customs valuation rules clarify that transaction value means the value under section 14(1); provisos prevent use of provisionally assessed values for identical or similar goods; the residual method is aligned with WTO valuation principles. Rule 10 requires inclusion of royalties, licence fees or other payments tied to a process in the customs value even if the process occurs post-importation, and transport cost expressly includes ship demurrage and lighterage/barge charges. The rejection-of-declared-value provision is framed as a procedural mechanism allowing acceptance after consultation and identifying illustrative grounds for doubt. Circulars Customs Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63073