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<h1>Section 14 of Customs Act 1962 Ensures Consistent Valuation of Goods for Ad Valorem Duties Since 2007</h1> The Customs Manual 2025 outlines the valuation of goods for customs duties, which can be specific, ad valorem, or a combination. When duties are ad valorem, based on the value of goods, Section 14 of the Customs Act, 1962, provides guidelines to ensure consistency and prevent arbitrary valuation across customs formations. This section has been in effect since October 2007, establishing the legal framework for determining the value of imported and exported goods to maintain uniformity in customs procedures.