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<h1>New Customs Valuation Rules for Import and Export Effective October 10, 2007: Standardizing International Trade Valuation.</h1> The Central Government has issued new customs valuation rules for the import and export of goods, effective from October 10, 2007. The Customs Valuation (Determination of Price of Imported Goods) Rules, 2007, and the Customs Valuation (Determination of Value of Export Goods) Rules, 2007, were announced through Notifications No. 94/2007 Cus (NT) and No. 95/2007 Cus (NT), respectively, both dated September 13, 2007. These rules aim to standardize the valuation process for international trade goods.
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