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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Customs Valuation Rules Amended: Declare Transport Costs or Face 20% Automatic Charge on FOB Value u/r 10(2.</h1> The Customs Department has issued a notice regarding amendments to the Customs Valuation Rules, 2017, specifically Rule 10, sub-rule (2), which now includes costs related to transport, loading, unloading, and handling of imported goods. If these costs are not declared, they will be calculated as 20% of the free on board value. Importers and Customs Brokers must declare these charges to avoid automatic system calculations. If charges are nil, they should be marked as zero. Mis-declaration may result in actions under the Customs Act, 1962.
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