General expenses deductible while computing deductive value u/r 7 of CVR, 2007

Heidelberg India Pvt. Ltd. Vs Commissioner of Customs (CESTAT Chennai) CESTAT Chennai held that as per Rule 7 of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 (CVR, 2007), “general expenses” in connection with sales in India are to be deducted from the sale price of imported goods/ identical/similar imported goods while arriving at the deductive value of the goods. Facts- The appellant had registered with Special Valuation Branch for their imports from M/s. Heidelberger Drukmaschinen AG, Germany, that the invoice value was accepted as transaction valu...