Scribd Logo
Upload

Welcome to Scribd!

  • 53 views

    Transaction Value of Identical Goods

    Uploaded by

    Welcome 1995
    This document discusses methods for determining the transaction value of goods for customs purposes when the actual transaction value cannot be determined. It outlines that if the transaction value is unavailable, the value of identical goods can be used, with adjustments made for quantity, commercial level, or both. Alternatively, if identical goods cannot be identified, similar goods may be used, where similar goods have identical characteristics and components and are commercially interchangeable.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Transaction Value of Identical Goods

    Uploaded by

    Welcome 1995
    53 views1 page
    This document discusses methods for determining the transaction value of goods for customs purposes when the actual transaction value cannot be determined. It outlines that if the transaction value is unavailable, the value of identical goods can be used, with adjustments made for quantity, commercial level, or both. Alternatively, if identical goods cannot be identified, similar goods may be used, where similar goods have identical characteristics and components and are commercially interchangeable.

    Original Title

    Transaction value of identical goods

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document discusses methods for determining the transaction value of goods for customs purposes when the actual transaction value cannot be determined. It outlines that if the transaction value is unavailable, the value of identical goods can be used, with adjustments made for quantity, commercial level, or both. Alternatively, if identical goods cannot be identified, similar goods may be used, where similar goods have identical characteristics and components and are commercially interchangeable.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    53 views1 page

    Transaction Value of Identical Goods

    Uploaded by

    Welcome 1995
    This document discusses methods for determining the transaction value of goods for customs purposes when the actual transaction value cannot be determined. It outlines that if the transaction value is unavailable, the value of identical goods can be used, with adjustments made for quantity, commercial level, or both. Alternatively, if identical goods cannot be identified, similar goods may be used, where similar goods have identical characteristics and components and are commercially interchangeable.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    I.

    Transaction value of identical goods


    As per rule 5, if the transaction value of goods cannot be ascertained their value shall be
    the value of identical goods. Identical goods. Means Imported goods which are similar in
    all respects in the sense physical characteristics quality and reputation of the goods
    valued except for minor differences which do not affect the value of goods. Sale of
    identical goods taking place under any of the three conditions may be used:
    1. A sale at same commercial level but in different quantities.
    2. A sale at a different commercial level but in substantially the same quantities or
    3. A sale at a different commercial level and different quantities.
    On ascertaining sale under any one of the above conditions, value of goods shall be made
    by making adjustments for (a) quantity factors only (b) Commercial level factors only (c)
    quantity and commercial level factors.
    II. Transaction value of similar goods (Rule 6)
    If Actual price cannot be ascertained and value of identical goods can not be determined
    as per Rule 5, then the goods will be valued at transaction value of similar goods.
    Features of similar goods: Similar goods are defined in Rule 2(e) as under:
    (a) Similarity: Imported goods have identical characteristics and components such as,
    quality, reputation and are commercially interchangeable with the goods being
    valued.

    You might also like