https://www.taxtmi.com/circulars?id=59632 The amendment to Rule 10(2) makes transport, loading, unloading and handling costs part of the value of imported goods, and provides that where such costs are not ascertainable a default percentage of the free on board value will be applied. ICES will automatically apply that default percentage if freight, loading, unloading and handling charges are not declared individually; importers and customs brokers must declare those amounts or enter '0' for nil charges to avoid automatic valuation adjustments and potential action under the Customs Act. en-us Tue, 21 Nov 2017 00:00:00 +0530 Fri, 15 Feb 2019 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59632 The amendment to Rule 10(2) makes transport, loading, unloading and handling costs part of the value of imported goods, and provides that where such costs are not ascertainable a default percentage of the free on board value will be applied. ICES will automatically apply that default percentage if freight, loading, unloading and handling charges are not declared individually; importers and customs brokers must declare those amounts or enter '0' for nil charges to avoid automatic valuation adjustments and potential action under the Customs Act. Circulars Customs Tue, 21 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59632