hi, while arriving transaction value under customs, whether installation charges for machinery and consulting charges for the same paid in India will be included in transaction value or not... please advise....
thanks
Prasanth K
Menu
Valuation under customs Act
Replies (1)
Irrespective of the place of payment, if the agreement of sale provides for the installation and consulting ..then the charges are inculded in the transaction value as per rule 10(1) of Customs Act. Otherwise as the activity is post importation......the charges are not includable in the transaction value...........
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
