Discount is stated in the invoice. Should the Free On Board (FOB) value be declared based on invoice value minus the discount?
Discounts given by the exporter such as cash, quantity and trade discounts can be accepted and excluded for declaration of Free On Board (FOB) value.
Exporter should state the type of discount clearly in the invoice or provide a letter from the supplier to explain on the nature of discount given.
Note:
The ruling of whether to exclude discount value is the same as the importation of goods.
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