https://www.taxtmi.com/circulars?id=53845 A standardized procedure requires Customs to draw Bureau of Indian Standards samples and provisionally assess shipping bills under Section 14 and the Customs Valuation (Determination of Value of Export Goods) Rules, 2007, comparing declared value with invoices and contracts. Where load port and discharge port test reports are within contractual tolerances the provisional assessment may be finalized; if variations affect price the officer shall re determine assessable value and may accept an average of the two test reports. Related party transactions are subject to specialized investigation and separate finalization timelines; Bank Realisation Certificates will be monitored for value verification. en-us Wed, 22 Jul 2015 00:00:00 +0530 Tue, 11 Aug 2015 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53845 A standardized procedure requires Customs to draw Bureau of Indian Standards samples and provisionally assess shipping bills under Section 14 and the Customs Valuation (Determination of Value of Export Goods) Rules, 2007, comparing declared value with invoices and contracts. Where load port and discharge port test reports are within contractual tolerances the provisional assessment may be finalized; if variations affect price the officer shall re determine assessable value and may accept an average of the two test reports. Related party transactions are subject to specialized investigation and separate finalization timelines; Bank Realisation Certificates will be monitored for value verification. Circulars Customs Wed, 22 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53845