VALUATION (CUSTOMS) - HIGH SEA SALES - CLARIFICATIONS

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Full Text of the Document

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....155, dated 18-9-1992 read with P.N. No. 33, dated 4-3-1999, wherein it is provided that the relevant transaction for determination of the value in high seas sale should be one that takes place on the high seas and the last  buyer shall be regarded as the importer. 2. As per existing practice in Mumbai Custom House, the "High-seas-sales-charges" declared by the original importer and the Hig....