CBIC Notification Alters Valuation Rules Under Section 14(2)

Last updated: 21 April 2025

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The Central Board of Indirect Taxes & Customs (CBIC) has issued Notification No. 23/2025-CUSTOMS (N.T.) to amend existing valuation rules. These changes are made under sub-section (2) of section 14 of the Customs Act, 1962. The amendments modify the notification originally issued on 3rd August, 2001.

Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
Notification No. 23/2025-CUSTOMS (N.T.)

New Delhi, 8th April, 2025
18 Chaitra, 1947 (SAKA)

S.O. ... (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:-

Official copy of the circular has been attached

FAQ :

The notification amends the customs valuation rules under Section 14(2) of the Customs Act, 1962.

This notification is made under sub-section (2) of section 14 of the Customs Act, 1962.

The notification amends Government of India Notification No. 36/2001-Customs (N.T.), dated 3rd August, 2001.

The original notification (No. 36/2001-Customs (N.T.)) was issued on 3rd August, 2001.

The Central Board of Indirect Taxes & Customs (CBIC) issued this amendment.

Notification No : Notification No. 23/2025
Source : https://taxinformation.cbic.gov.in/view-pdf/1010352/ENG/Notifications

Attached File : 322600_11448_csnt23_2025.pdf

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