Customs valuation rules for imported goods replace the earlier framework and set the commencement date and scope of application. The Customs Valuation (Determination of Price of Imported Goods) Rules, 2007 govern the valuation of imported goods for customs purposes under the Customs Act, 1962. They supersede the earlier 1988 valuation rules, subject to things already done or omitted before supersession. The rules came into force on 10 October 2007 and apply to imported goods.
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Provisions expressly mentioned in the judgment/order text.
Customs valuation rules for imported goods replace the earlier framework and set the commencement date and scope of application.
The Customs Valuation (Determination of Price of Imported Goods) Rules, 2007 govern the valuation of imported goods for customs purposes under the Customs Act, 1962. They supersede the earlier 1988 valuation rules, subject to things already done or omitted before supersession. The rules came into force on 10 October 2007 and apply to imported goods.
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