SME Chatroom: 'Assessable value can be different from invoice value'

There is a specific box in the bill of entry for Free of Charge (FOC) imports

We have imported certain goods where the supplier has given us a 12 per cent discount. The Customs disallowed the discount and charged duty on the full value. We remitted to the supplier the net value after considering the discount. Our bankers now say that as the bill of entry value is more than the amount we have remitted, the balance is outstanding in the IDPMS. How to resolve the issue?

First of all, please note that the invoice value and assessable value are different and the bill of entry has specific provisions to mention these in different places. If you