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<h1>Rule 5 of Customs Valuation Rules: Transaction Value Based on Similar Goods for Export to India, Not Provisionally Assessed.</h1> The Customs Valuation (Determination of Price of Imported Goods) Rules, 2007, Rule 5, stipulates that the transaction value of imported goods should be based on the transaction value of similar goods sold for export to India and imported around the same time. This value must not be derived from goods provisionally assessed under section 18 of the Customs Act, 1962. Additionally, certain provisions from Rule 4 apply similarly to the valuation of similar goods.