How are wrongly supplied goods and goods not in accordance with specification to be valued?
Ans: If such goods are re-exported without any duty liability, valuation may not be necessary. However, if such goods are retained by the buyer, valuation would be necessary. In the case of wrongly supplied goods, transaction value method will not apply and valuation has to be done by applying one of the other methods. In the case of goods not conforming to the specifications in the original purchase order, there may be situations where the seller may take steps to bring the goods into conformity or may render some compensation to the buyer extraneous to the goods. In such cases, it may be possible to value the goods using the transaction value method.
