https://www.taxtmi.com/circulars?id=906 For Value Based Advance Licences, declared unit prices must reflect prevailing international prices consistent with Customs valuation. DEEC Book entries allow verification; where actual import prices materially diverge from declared prices, the importer must substantiate the declared CIF valuation before the Licensing Authority, and inability to justify should be referred to that Licensing Authority for corrective action, with requisite instructions to be issued by the Directorate. en-us Mon, 19 Feb 1996 00:00:00 +0530 Fri, 25 Jul 2025 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=906 For Value Based Advance Licences, declared unit prices must reflect prevailing international prices consistent with Customs valuation. DEEC Book entries allow verification; where actual import prices materially diverge from declared prices, the importer must substantiate the declared CIF valuation before the Licensing Authority, and inability to justify should be referred to that Licensing Authority for corrective action, with requisite instructions to be issued by the Directorate. Circulars Customs Mon, 19 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=906