How are split consignments to be assessed?
Ans: Split consignments relate to one transaction between the buyer and the seller but imported through several consignments. Such cases arise in the following instances: (i) The goods constitute a complete industrial plant. The consignments are split up for convenience in transport, keeping in view the installation schedule. (ii) The total import is of a large quantity and the same is conveniently shipped in several consignments keeping in view the requirement over a period of time. (iii) The shipments are split because the importer wants the goods delivered through different ports. In the first case, some countries may have a provision for charging one rate of duty for all the goods imported under a single project import contract. There may however, be cases where the imports under a single project contract may take a long time for completion and the duty rates applicable may undergo a changes. In such cases, separate valuation of split consignment becomes necessary. Separate valuati
