Rule 10A in the Customs Valuation Rules, 1988 – reg

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....bsp;       I am directed to state that during the Valuation Conference held at Mumbai on 21^st and 22^nd August, 2003, views were expressed that the Board’s Circular No.16/2003, dated 17.03.2003 needed a review since it mandated the issue of a speaking order under Rule 10A of CVR, 1988, in “all cases” where enhancement of value was resorted to. It was pointed ou....

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....ation, it was felt, was not desirable. Rule 10A of CVR ,1988 empowers the department to question the truth or accuracy of the declared values so that the proper officer may ask for further information/documents. At the request of the importer, the proper officer is required to intimate in writing, the grounds for doubting the truth or accuracy of the declared value and provide a reasonable opportu....