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of <h1>Customs Valuation Rules 2007: Transaction Value Accepted Unless Influenced; Rule 8 Allows Value Rejection in Exceptional Cases.</h1> The Customs Valuation (Determination of Value of Export Goods) Rules, 2007, effective from October 10, 2007, emphasize the acceptance of transaction value for export goods, even if the buyer and seller are related, provided the relationship doesn't influence the price. If the transaction value is questioned, valuation will proceed through specified rules. Rule 8 allows for rejection of declared value in exceptional cases, with guidelines for investigation. The process includes retaining samples and ensuring goods are not detained without approval. The rules also require a value declaration from exporters, with enforcement starting November 12, 2007.
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