https://www.taxtmi.com/article/detailed?id=10108 Transaction value is the primary basis for customs valuation and must be accepted unless contemporaneous evidence shows the invoice price is incorrect; gem valuation depends on attributes (carat, colour, clarity, cut) and different value concepts may produce divergent figures. Where information or tests are lacking, customs may permit provisional assessment on security, with finalisation and adjustment under prescribed procedures. Importers and exporters must assemble contemporaneous documentary evidence (invoices, bills of entry, origin certificates, replenishment licences) and may use certified valuers, appraisers and trade panels to substantiate declared values; certain unset and uncut stones are exempt subject to replenishment authorisations. en-us Fri, 10 Dec 2021 10:42:18 +0530 Fri, 10 Dec 2021 10:42:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10108 Transaction value is the primary basis for customs valuation and must be accepted unless contemporaneous evidence shows the invoice price is incorrect; gem valuation depends on attributes (carat, colour, clarity, cut) and different value concepts may produce divergent figures. Where information or tests are lacking, customs may permit provisional assessment on security, with finalisation and adjustment under prescribed procedures. Importers and exporters must assemble contemporaneous documentary evidence (invoices, bills of entry, origin certificates, replenishment licences) and may use certified valuers, appraisers and trade panels to substantiate declared values; certain unset and uncut stones are exempt subject to replenishment authorisations. Articles Customs - Import - Export - SEZ Fri, 10 Dec 2021 10:42:18 +0530 https://www.taxtmi.com/article/detailed?id=10108