https://www.taxtmi.com/caselaws?id=48828 For customs valuation of imports acquired on high-sea sale basis from a canalising agency, the relevant transaction value under Rule 4 of the Customs Valuation Rules, 1988 is the price charged by the canalising agency to the importer, not the agency's own purchase price from the foreign supplier. Service charges forming part of that sale transaction are includible in the assessable value. The Tribunal applied the Supreme Court's settled position that the sale from MMTC to the importer was the operative transaction for valuation, and that the revised invoice value including service charges stated the correct law. en-us Fri, 07 Jul 2000 00:00:00 +0530 Fri, 06 Aug 2010 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48828 For customs valuation of imports acquired on high-sea sale basis from a canalising agency, the relevant transaction value under Rule 4 of the Customs Valuation Rules, 1988 is the price charged by the canalising agency to the importer, not the agency's own purchase price from the foreign supplier. Service charges forming part of that sale transaction are includible in the assessable value. The Tribunal applied the Supreme Court's settled position that the sale from MMTC to the importer was the operative transaction for valuation, and that the revised invoice value including service charges stated the correct law. Case-Laws Customs Fri, 07 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48828