What adjustments have to be made while adopting values of identical or similar goods?
Ans: The transaction values of identical or similar goods have to be adjusted upwards or downwards if there are differences between the goods being valued on the one hand and the identical or similar goods on the other in order to take account of: (i) commercial level differences; (ii) quantity differences; and (iii) significant differences in the transport costs, insurance charges etc., due to variance in mode of transport and distance.
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