Valuation under Customs – Test 2

If neither the imported goods nor identical nor similar imported goods are sold in India in the condition as imported, then, the value shall be based on the unit price at which the imported goods, ———–processing, are sold in the greatest aggregate quantity to persons who are not related to the seller in India

The value of imported goods shall be based on a computed value, which shall consist of the sum of —————

The value of imported goods shall be based on a computed value, which shall consist of the sum of ————-

Where the value of imported goods cannot be determined under the provisions of any of the rules, the value shall be determined as per ——-

No value shall be determined under the provisions of rule 9 on the basis of ———

No value shall be determined under the provisions of rule 9 on the basis of ————-

As per rule 10 in determining the transaction value, there shall be added to the price actually paid or payable for the imported goods the following to the extent they are incurred by the buyer but are not included in the price actually paid or payable for the imported goods, namely

State which of the following are to be added to transaction value as per rule 10(1) in the following case Where the value, apportioned of the following goods and services where supplied directly or indirectly by the buyer free of charge or at reduced cost for use in connection with the production and sale for export of imported goods (not been included in the price)

State which of the following are to be added to transaction value as per rule 10(1) in the following case Where the value, apportioned of the following goods and services where supplied directly or indirectly by the buyer free of charge or at reduced cost for use in connection with the production and sale for export of imported goods (not been included in the price)

State which of the following are to be added to transaction value as per rule 10(1) to the extent they are incurred by the buyer but not included in the price

State whether the following costs should be added to the transaction value
i. Dismantling charges for removing the second hand plant at the      foreign supplier’s place and shipping to the Indian importer
ii. Training charges paid to supplier, for imparting training to the      Indian company’s personnel , on how to use the equipment

State whether the following costs should be added to the transaction value
i) Fee charged by foreign supplier for supervision of erection and     commissioning of imported plant in India
ii) Stevedoring charges or uploading charges

State whether the following costs should be added to the transaction value
i) Lump sum payment and annual royalty for transfer of technical      know-how for manufacturing goods using imported plant
ii)  Lump sum payment and annual royalty for transfer of                   technical know-how for manufacturing goods using imported           plant are incurred as a condition of sale

State whether the following costs should be added to the transaction value
i) Payment for tools, dies and moulds (imported along with the          plant) for use in connection with the manufacture of excisable         goods on successful commissioning of  the imported plant
ii) Service charges paid to canalizing agent (he purchases goods           from overseas seller and sells to India)

Where the cost of transport of the imported goods to the place of importation is not ascertainable, then such cost shall be ———-

The loading, unloading and handling charges associated with the delivery of the imported goods at the place of importation shall be ——–

Where the cost of insurance is not ascertainable, then such cost shall be ————–

In case of goods imported by air, where the cost of transport is ascertainable, then such cost shall be ————

Where the free on board value of the goods is not ascertainable, the cost of transport of the imported goods to the place of importation, shall be ————–

Where the free on board value of the goods is not ascertainable, the cost of insurance, shall be ———–

The cost of transport of the imported goods includes ————

The value of export goods shall be the ————

The transaction value shall be accepted even where the buyer and seller are related, provided that the relationship has not influenced the price

The value of the export goods shall be based on the transaction value of goods of ————-

In determining the value of export goods in the absence same destination country of importation, the proper officer shall make such adjustments as appear to him reasonable, taking into consideration the relevant factors including

Computed value, shall include ———–the following

Provisions for classification of sets of articles and accessories are specified in —————of customs act, 1962

Where goods consist of a set of articles liable to duty with reference to quantity duty shall be chargeable to ———–

Where goods consist of a set of Articles liable to duty with reference to value shall, if they are liable to duty at the same rate, be chargeable to ———–

Where goods consist of a set of Articles liable to duty with reference to value shall, if they are liable to duty at the different rates, be chargeable to ————–