Identical goods are defined as goods that are the same in all physical characteristics, quality, and reputation. This transaction value method can be used when identical goods are imported into the same country and exported around the same time, and the lowest value from multiple transactions of identical goods should be used.

1. Transaction value of identical goods
• DEFINITION :- “identical goods” means goods which are
the
same in all respects, including
1. Physical characteristics
2. Quality
3. Reputation
• To use this method :-
1. Goods must be imported into the same country
2. Goods must also be exported around the same
time
3. If more than one transaction value of identical
goods is found, the lowest of such value be used