TaxTMI 
TaxTMI 
My client imports goods from China. The Invoice value say is Rs.1,00,000/-.The Custom dept values th
X X X X Extracts X X X X
X X X X Extracts X X X X
....y client imports goods from China. The Invoice value say is Rs.1,00,000/-.The Custom dept values th<br> Query (Issue) Started By: - MANISH GOYAL Dated:- 15-9-2007 Last Reply Date:- 15-9-2007 Customs -....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Exim - SEZ<br>Got 1 Reply<br>Customs<br>My client imports goods from China. The Invoice value say is Rs.1,00,000/-.The Custom dept values the goods at Rs.2,00,000/- and imposes duty of 30% which amou....
X X X X Extracts X X X X
X X X X Extracts X X X X
....nts to Rs.60,000/- Now what is the purchase price for the goods. Is it Rs.1,60,000/- or Rs.2,60,000/-.Whether Sales Tax Authority can dispute the sale price based on custom valaution and reject the bo....
X X X X Extracts X X X X
X X X X Extracts X X X X
....oks of accounts stating that the sales are undervalued. Reply By dayashankar: The Reply: The purchase price for the goods is Rs.1,60,000 because this is the amount actually paid by the importer for t....
X X X X Extracts X X X X
X X X X Extracts X X X X
....he good. Sales tax authority accepted the price of invoice and the custom duty which he paid on it<br> Discussion Forum - Knowledge Sharing ....