Valuation on basis of transaction value(section 14(1)}
It says that valuation of goods for levy of custom duty shall enclude cost
commission and brokerage
royalty and licence fees
cost of transportation to the place of importation
insurance ,loading and unloading and hanling charges
my query is seller who is importing goods has already enclude the above charges while calculating cost per unit.
then why above expenses are further added to arrive at transaction value.Its already encluded at cost.
please answer query i need your support