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of <h1>New Rules for Importers to Prevent Undervaluation of Goods: Compliance Starts February 11, 2023 Under CAVR, 2023.</h1> The Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 (CAVR, 2023) aim to address undervaluation issues in imports by specifying additional obligations for importers of certain goods. These rules outline processes for identifying goods whose values may not be accurately declared and establish procedures for importers to declare specific information when filing the bill of entry. The rules also detail the formation of Screening and Evaluation Committees to assess and recommend goods for scrutiny. Effective from February 11, 2023, the rules emphasize using the Customs Automated System for compliance and follow the Customs Valuation Rules, 2007 for further proceedings.
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