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of <h1>Customs Valuation Rules Amended: Define 'Place of Importation,' Exclude Certain Charges from CIF Value, Per Notification No. 91/2017.</h1> The circular announces amendments to the Customs Valuation Rules as per Notification No. 91/2017, following a Supreme Court ruling. It defines 'place of importation' as the customs station where goods are cleared for consumption or warehousing. The amendments clarify that loading, unloading, and handling charges at the place of importation are no longer added to the CIF value. Instead, only charges incurred up to the place of importation are included. The amendments also address the computation of freight and insurance when actual costs are unknown and exclude trans-shipment costs within India from the transaction value.
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