https://www.taxtmi.com/caselaws?id=41484 Rule 5 of the Customs Valuation Rules, 1963 applies only to imports by an agent, distributor, indentor, or a branch or subsidiary acting in that capacity for further distribution, and not to goods imported for the importer's own consumption. A contractual condition requiring diversion of part of the consignment to the State Trading Corporation did not convert the importer into that corporation's agent or distributor. The agreement also showed that the corporation was to bear part of the related expenses, which undermined any basis for adding the importer's expenses to the invoice price. The proposed 2% loading to the invoice value was therefore unsupported and unsustainable. en-us Thu, 01 Dec 1983 00:00:00 +0530 Thu, 03 Jun 2010 16:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41484 Rule 5 of the Customs Valuation Rules, 1963 applies only to imports by an agent, distributor, indentor, or a branch or subsidiary acting in that capacity for further distribution, and not to goods imported for the importer's own consumption. A contractual condition requiring diversion of part of the consignment to the State Trading Corporation did not convert the importer into that corporation's agent or distributor. The agreement also showed that the corporation was to bear part of the related expenses, which undermined any basis for adding the importer's expenses to the invoice price. The proposed 2% loading to the invoice value was therefore unsupported and unsustainable. Case-Laws Customs Thu, 01 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41484