Customs Valuation Rules, 1988- Determination of value of imported goods in cases where prima facie evidence is available on under valuation

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.... 467/13/90-Cus. V (ICD) Dated 7-5-1990 Government of India Ministry of Finance (Department of Revenue) Central Board of Excise & Customs  New Delhi Subject : Customs Valuation Rules, 1988- Determination of value of imported goods in cases where prima facie evidence is available on under valuation. The difficulties in determination of the value of imported goods under the ....

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....is substantially lower than the known prices of the goods then the responsibility to explain the difference to the satisfaction of the customs authorities is with the importer. If the importer fails to do so it would be in order to disregard the declared value after giving reasonable opportunity to the importer to explain his case The goods may then be valued under the subsequent methods of valuat....