<h1>CBIC Seeks Feedback on Draft Rules for Customs Valuation Post Amendment to Section 14 of Customs Act, 1962.</h1> The Central Board of Indirect Taxes and Customs (CBIC) is seeking feedback on draft rules related to Customs Valuation following an amendment to Section 14 of the Customs Act, 1962, introduced by the Finance Act, 2022. The amendment allows the Board to impose additional obligations on importers for certain goods if there is suspicion of undervaluation. Stakeholders are invited to submit their suggestions and comments on these draft rules by October 14, 2022. The aim is to address undervaluation in imports by specifying criteria and checks for goods whose declared value may not be accurate.