SUB : Amendment to Customs Valuation Rules – Notification No. 91/2017 (NT) dated 26.9.17 –reg.

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....ation Rules - Notification No. 91/2017 (NT) dated 26.9.17 -reg. Attention of the Exporters, Custom Brokers and all concerned are invited to the Board Circular No. 39/2017-Customs, dated 26th September 2017 on the above mentioned subject. 2. The valuation of imported and export goods is governed by the provisions of Section 14 of the Customs Act, 1962 and the rules made thereunder. The Customs Va....

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....n" means the customs station where the goods are brought for being cleared for home consumption or for being removed for deposit in a warehouse" 4.1 In view of the above definition, the transaction value of the imported goods in terms of section 14 of the Customs Act, 1962 would include the costs incurred up to the place of importation, as defined above. 5. Treatment of the loading, unloading an....

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....oods to the port or place of importation". Thus, only charges incurred for delivery of goods "to" the place of importation (such as the loading and handling charges incurred at the load port) shall now be included in the transaction value. 6. Computation of freight and insurance:- Now, the 2nd and 4th provisos to Rule 10 (2) impart more clarity in computation of transport and insurance charges, ....