Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 - 03/2023 - Customs - Non Tariff

Customs valuation assistance: designated checks and declaration requirements for goods suspected of undervaluation under automated procedures.

The Rules create a process for identifying imported goods suspected of undervaluation through written references and internal review, using a Screening Committee for preliminary scrutiny and an Evaluation Committee for detailed data-driven examination. Where undervaluation is likely, the Evaluation Committee's report shall specify identified goods with 8-digit HS codes, brands, a precautionary unit value, the Unique Quantity Code, technical specifications to be declared, additional importer obligations and checks, and an initial one-to-two year validity; the Board may then issue an Order implemented via the Customs Automated System and subject to periodic review and specified exceptions.