Rule 8 computed value
This query is : Resolved
21 September 2011
sir ,.
whether under Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 we can take computed value of identical and similar goods as in rule 7 (deductive value) it is clearly stated that we can take value of indentical or similar goods but in rule 8 same is not mentioned clearly?
whether under Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 we can take computed value of identical and similar goods as in rule 7 (deductive value) it is clearly stated that we can take value of indentical or similar goods but in rule 8 same is not mentioned clearly?
23 September 2011
8. Computed value. — Subject to the provisions of rule 3, the value of imported goods shall be based on a computed value, which shall consist of the sum of:-
(a) the cost or value of materials and fabrication or other processing employed in producing the imported goods;
(b) an amount for profit and general expenses equal to that usually reflected in sales of goods of the same class or kind as the goods being valued which are made by producers in the country of exportation for export to India;
(c) the cost or value of all other expenses under sub-rule (2) of rule 10.
(a) the cost or value of materials and fabrication or other processing employed in producing the imported goods;
(b) an amount for profit and general expenses equal to that usually reflected in sales of goods of the same class or kind as the goods being valued which are made by producers in the country of exportation for export to India;
(c) the cost or value of all other expenses under sub-rule (2) of rule 10.
24 September 2011
sir. ,.
whether we can take computed value of identical or similar goods under rule 8?
whether we can take computed value of identical or similar goods under rule 8?
22 May 2012
READ link:
http://www.dov.gov.in/newsite3/brief_on_customs_valuation.asp
http://www.dov.gov.in/newsite3/brief_on_customs_valuation.asp
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