I THINK THE CUSTOMS VALUATION RULES AS AMENDED IN 2007 IS THE SAME AS THE PREVIOUS VALUATION RULE BEFORE THE AMENDMENT (THERE MAY BE SLIGHT CHANGES)
AM I CORRECT!
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CUSTOMS VALUATION RULE
Replies (4)
I don't think there are slight changes in the Customs Valuation Rules, 2007.
One of the most important amendment is at present the importation and exportation charges are included in the transaction value which was not the case before. Due to this amendment, 2 to 3 previous Supreme Court Judgements has become inapplicable.
Also I don't think that the concepts of Deductive Value, Computed Value and Residual Value were there in the old Cutoms Valuation Rules.
dear devendra deductive, computed and residual value were there in previous rules.
summery of custom valuation rules,2007
no changing so far .
for more info:-
https://www.cbec.gov.in/customs/cs-act/formatted-htmls/cs-rules-idx.htm
https://www.cbec.gov.in/customs/cs-act/formatted-htmls/cs-rulea.htm
and
https://www.cbec.gov.in/customs/cs-act/formatted-htmls/cs-valuation-export-rules07.htm
regards,
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