CUSTOMS - SALE OF IMPORTED GOODS ON HIGH SEAS – DETERMINATION OF VALUE FOR ASSESSMENT - REG.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....bsp;   1. Attention of the Importers, Custom House Agents, Trading Public and all others concerned, is invited to the Customs Valuations Rules, 1988 and to the various instructions issued by the Ministry on valuation of imported goods. In order to determination of the value in high seas sales, the relevant transaction should be the one that takes place on the high-seas and the last buye....