Rule 5 of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 provides that when the transaction value of imported goods cannot be determined under Rule 4, the value shall be based on the transaction value of identical goods. Identical goods are those that are the same in all respects, including physical characteristics, quality, and reputation, and are produced in the same country by the same manufacturer. If such goods are unavailable from the same manufacturer, goods from a different manufacturer in the same country may be used.
The import of such identical goods must have occurred at or about the same time as the goods being valued. The comparison is valid only if the sale of identical goods was made at the same commercial level and in substantially the same quantity. Where differences exist, reasonable adjustments may be made for differences in trade level, quantity, transport, insurance, and associated costs.
This rule ensures a fair and consistent basis of valuation when direct transaction data is unavailable. Rule 5 is part of the sequential hierarchy of customs valuation methods and can only be invoked when valuation under Rule 4 is not feasible. It plays a key role in preventing undervaluation and ensuring revenue protection without arbitrary estimation.
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5.0 ★ · 123 Google reviews · Since 1990
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Vandana Bajaj
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Very prompt and reliable service by Rahul Kolge and his team. Exceptional and happy experience.
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Supriya Shetye
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Had a really good experience with JParks India. Rahul sir helped me a lot with my import work and were always active and responsive. Whatever documents or guidance was needed, they handled everything smoothly and explained things clearly. Felt stress-free throughout the process. Very helpful team, definitely recommend them if you’re doing import or export.
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dipali sakpal
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Very nice people, get the work done in a very short time.
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Satish Bajaj
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Excellent & Prompt services in all Import Export matters.
Great to work with you
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Bajaj VCPL
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It was a great experience having work with you.
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Satish Bajaj
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"Outstanding professiona services, efficient, and gets things done incredibly fast. Highly recommended for anyone needing reliable and prompt assistance
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Nishat fatima
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excellent service
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farhan sayed
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JParks Team is Super helpful! Thanks to Rahul and team!
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Sadik Inamdar
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Good and personal service for import export code
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Maheshwar
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Had a really good experience with JParks India. Rahul sir helped me a lot with my import work and were always active and responsive. Whatever documents or guidance was needed, they handled everything smoothly and explained things clearly. Felt stress-free throughout the process. Very helpful team, definitely recommend them if you’re doing import or export.
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