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of <h1>New Rules for Accurate Valuation of Imported Goods: Screening Committees to Evaluate Potential Undervaluation Under 2023 Customs Rules.</h1> The Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023, effective February 11, 2023, establish procedures for identifying imported goods potentially undervalued in declarations. The rules define roles for Screening and Evaluation Committees to assess and confirm such cases. Importers must declare goods using specified codes and fulfill obligations to demonstrate value accuracy. The Board may issue orders for identified goods, specifying obligations and checks. Exceptions include duty-free imports, goods with fixed tariff values, and government imports. Reviews assess the need for ongoing specification. Processes will be digitized for efficiency.
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