https://www.taxtmi.com/acts?id=7880 Substitution of section 14 revises customs valuation by making the value of imported and export goods the transaction value, subject to prescribed rules. For imported goods, the transaction value includes specified additions such as commissions, brokerage, royalties, licence fees, transport, insurance, and handling charges. The rules may cover related parties, no-sale situations, rejection of doubtful declared values, and the determination of value in other cases. The Board may also fix tariff values by notification, and the section defines rate of exchange for currency conversion. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 12 Jun 2026 16:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7880 Substitution of section 14 revises customs valuation by making the value of imported and export goods the transaction value, subject to prescribed rules. For imported goods, the transaction value includes specified additions such as commissions, brokerage, royalties, licence fees, transport, insurance, and handling charges. The rules may cover related parties, no-sale situations, rejection of doubtful declared values, and the determination of value in other cases. The Board may also fix tariff values by notification, and the section defines rate of exchange for currency conversion. Act-Rules F. Acts / Amendment Acts Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7880