Customs Valuation Rules, 1988 – Determination of assessable value for goods sold on high seas – reg

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....inance Department of Revenue Central Board of Excise & Customs  Sub:- Customs Valuation Rules, 1988 - Determination of assessable value for goods sold on high seas - reg. Representations have been received on the Ministry to clarify the manner of determining the value of imported goods imported on high-sea-sales basis.  As per the existing practice in Mumbai Custom House, the....

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....Code, which stipulates that if the importer can demonstrate that the immediate sale under consideration took place with a view to export the goods to the country of importation, then such transaction would constitute an international transfer of goods.  The later transaction, which led to the import, would be the relevant transaction for assessment and Rule 4 of Customs Valuation Rules, 1988 ....