Export Valuation Rules require exporters to file prescribed value declarations with shipping bills for customs valuation compliance. The notification announces the commencement of the Customs Valuation (Determination of Value of Export Goods) Rules, 2007 and circulates Board Circular No. 37/2007 which clarifies that the rules establish a legal basis for export valuation. It requires exporters, under Rule 7, to file a prescribed value declaration (Annexure A) with their Shipping Bills and directs trade associations and customs agents to publicise the circular and ensure compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export Valuation Rules require exporters to file prescribed value declarations with shipping bills for customs valuation compliance.
The notification announces the commencement of the Customs Valuation (Determination of Value of Export Goods) Rules, 2007 and circulates Board Circular No. 37/2007 which clarifies that the rules establish a legal basis for export valuation. It requires exporters, under Rule 7, to file a prescribed value declaration (Annexure A) with their Shipping Bills and directs trade associations and customs agents to publicise the circular and ensure compliance.
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