https://www.taxtmi.com/highlights?id=72533 Valuation of imported goods - The transaction value which have been declared on the bill of entry is the invoice value for which letter of credit through a recognized banking system has been opened. There is no evidence to suggest any extra payment to the supplier of the vessel except the invoice value - the invoice value is the true transaction value in this case and there is no element of misdeclaration of value. - AT en-us Fri, 13 Oct 2023 11:58:09 +0530 Fri, 13 Oct 2023 11:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72533 Valuation of imported goods - The transaction value which have been declared on the bill of entry is the invoice value for which letter of credit through a recognized banking system has been opened. There is no evidence to suggest any extra payment to the supplier of the vessel except the invoice value - the invoice value is the true transaction value in this case and there is no element of misdeclaration of value. - AT Highlights Customs Fri, 13 Oct 2023 11:58:09 +0530 https://www.taxtmi.com/highlights?id=72533