https://www.taxtmi.com/article/detailed?id=15603 Customs valuation governs the assessable import value that determines Basic Customs Duty, import IGST and related cesses; missteps-such as incorrect Incoterms treatment, omitted freight/insurance, unaccounted royalties, free of cost supplies, or transfer pricing misalignment-cause duty overpayment, penalties and audit exposure. Valuation and classification errors also tie up working capital through excess IGST, create GSTR 2B reconciliation mismatches, and affect e invoicing. Mitigation requires clear documentation of pricing components, valuation worksheets, aligned contracts, use of bonded warehouses or deferment schemes, pursuit of concessional notifications, periodic internal reviews, and technology enabled reconciliation. en-us Mon, 15 Dec 2025 08:39:49 +0530 Mon, 15 Dec 2025 08:39:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15603 Customs valuation governs the assessable import value that determines Basic Customs Duty, import IGST and related cesses; missteps-such as incorrect Incoterms treatment, omitted freight/insurance, unaccounted royalties, free of cost supplies, or transfer pricing misalignment-cause duty overpayment, penalties and audit exposure. Valuation and classification errors also tie up working capital through excess IGST, create GSTR 2B reconciliation mismatches, and affect e invoicing. Mitigation requires clear documentation of pricing components, valuation worksheets, aligned contracts, use of bonded warehouses or deferment schemes, pursuit of concessional notifications, periodic internal reviews, and technology enabled reconciliation. Articles Customs - Import - Export - SEZ Mon, 15 Dec 2025 08:39:49 +0530 https://www.taxtmi.com/article/detailed?id=15603