Customs valuation empanelment of chartered engineers - importer bears professional charges; empanelment subject to performance reporting. A list of specified Chartered Engineers/Fellows is empanelled to provide customs valuation of second hand machinery and other goods within the Commissionerate; empanelment is effective immediately for one year. Empanelled valuers must submit half yearly self appraisal reports in a prescribed format for performance assessment. Professional charges for valuation are to be borne by the importer, calculated by a base fee or a percentage of assessed value, subject to a ceiling. Trade may engage the empanelled valuers for customs valuation services.
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Provisions expressly mentioned in the judgment/order text.
Customs valuation empanelment of chartered engineers - importer bears professional charges; empanelment subject to performance reporting.
A list of specified Chartered Engineers/Fellows is empanelled to provide customs valuation of second hand machinery and other goods within the Commissionerate; empanelment is effective immediately for one year. Empanelled valuers must submit half yearly self appraisal reports in a prescribed format for performance assessment. Professional charges for valuation are to be borne by the importer, calculated by a base fee or a percentage of assessed value, subject to a ceiling. Trade may engage the empanelled valuers for customs valuation services.
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