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What are the inclusions specified in Section 15(2) which could be added to Transaction Value?
Team SoOLEGAL | 01/01/1970

The inclusions specified in Section 15(2) which could be added to Transaction Value are as follows:

a) Any amounts paid by recipient that are obligation of supplier to pay;

b) Money value of goods or services provided free or at concession by recipient;

c) Royalties and license fees payable by recipient as a condition of supply;

d) Taxes levied under any other law(s) (other than SGST / CGST or IGST);

e) Expenses incurred by supplier before supply and charged separately;

f) Subsidy realized by supplier on the supply;

g) Reimbursements claimed separately by supplier;

h) Discounts allowed ‘after’ supply except when known before supply; (Discounts allowed as a normal trade practice and reflected on the face of the invoice shall not be included).


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