https://www.taxtmi.com/caselaws?id=439282 The ruling authority refrained from issuing a definitive ruling due to data insufficiency. The applicant, M/s. Foxconn Technology (India) Private Limited, claimed to be a trader, not a commission agent, importing goods for sale to Amazon Data Services Private Limited. Disputes arose regarding the inclusion of a 3% trading margin in the assessable value for customs purposes. The authority found that the margin was profit, not a commission, and should not be included. The accumulation of Input Tax Credit (IGST) was attributed to transaction structure, not legal issues. Complete data was deemed necessary to determine the correct valuation method under the Customs Act and Valuation Rules. en-us Tue, 28 Feb 2023 00:00:00 +0530 Tue, 20 Jun 2023 22:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439282 The ruling authority refrained from issuing a definitive ruling due to data insufficiency. The applicant, M/s. Foxconn Technology (India) Private Limited, claimed to be a trader, not a commission agent, importing goods for sale to Amazon Data Services Private Limited. Disputes arose regarding the inclusion of a 3% trading margin in the assessable value for customs purposes. The authority found that the margin was profit, not a commission, and should not be included. The accumulation of Input Tax Credit (IGST) was attributed to transaction structure, not legal issues. Complete data was deemed necessary to determine the correct valuation method under the Customs Act and Valuation Rules. Case-Laws Customs Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439282