Imported goods valuation rules gain express statutory basis through amendments to the Customs Act framework. The Customs (Amendment) Act, 1988 revises the valuation framework for imported goods under the Customs Act, 1962. Section 14 is amended to insert a new sub-section (1A) providing that the price of imported goods shall be determined in accordance with rules made for that purpose, subject to sub-section (1). Consequential amendments extend rule-making power under section 14 and substitute section 156 so that rules may govern the manner of determining the price of imported goods under section 14(1A).