Transaction value rules under customs law were expanded to cover imported and export goods under the valuation framework.

Amendment of section 156 of the Customs Act substituted clause (a) in sub-section (2) to cover rules on determining the transaction value of imported goods and export goods under section 14(1). The substitution was to operate from a date notified by the Central Government in the Official Gazette, and the amendment was brought into force with effect from 10-10-2007 by notification.

---

---

---