[amp_mcq option1=”Discounts mention on invoice” option2=”Packing Charges mention on invoice” option3=”Any amount paid by customer on behalf of the supplier” option4=”Freight charges mention on invoice” correct=”option1″]
The correct answer is: A, B, C, and D.
According to the WTO’s Agreement on Customs Valuation, the following deductions are allowed from the transaction value:
- Discounts actually allowed (e.g., trade discounts, quantity discounts, and cash discounts)
- Packing charges
- Any amount paid by the buyer on behalf of the seller, such as customs duties, taxes, and insurance
- Freight charges
It is important to note that these deductions are only allowed if they are clearly shown on the invoice or other commercial documents.