Customs Valuation Rules 2007: Key Changes Announced for Importers; Stakeholders Urged to Share Updates.

The Customs Valuation (Determination of Value of Imported Goods) Rules, 2007, effective from October 10, 2007, have been announced by the Commissioner of Customs in Ahmedabad. A circular from the Central Board of Excise & Customs, dated October 9, 2007, provides clarifications on significant changes in these rules to ensure proper application. Trade associations, chambers of commerce, regional advisory committee members, and customs agents are urged to disseminate this information among their members for necessary action.

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