Customs valuation amendment updates sub heading references in valuation rules, changing clause citations and triggering effect on publication. The amendment substitutes, in the Schedule to the Customs Valuation (Determination of Price of Imported Goods) Rules, 1988, the Schedule sub headings captioned 'Rule 4(2)(a)(iii)' and 'Rule 4(2)(b)' with 'Rule 4(2)(e)(iii)' and 'Rule 4(2)(f)' respectively. The Rules are made under section 156 of the Customs Act, 1962, and come into force on publication in the Official Gazette, further amending the Principal Rules of 1988 and its subsequent notifications.
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Customs valuation amendment updates sub heading references in valuation rules, changing clause citations and triggering effect on publication.
The amendment substitutes, in the Schedule to the Customs Valuation (Determination of Price of Imported Goods) Rules, 1988, the Schedule sub headings captioned "Rule 4(2)(a)(iii)" and "Rule 4(2)(b)" with "Rule 4(2)(e)(iii)" and "Rule 4(2)(f)" respectively. The Rules are made under section 156 of the Customs Act, 1962, and come into force on publication in the Official Gazette, further amending the Principal Rules of 1988 and its subsequent notifications.
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