Amendment to Customs Valuation Rules - Notification No. 91/2017 (NT) dated 26.9.17

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Date: 05.10.2017 PUBLIC NOTICE NO. 34/2017 Subject:- Amendment to Customs Valuation Rules - Notification No. 91/2017 (NT) dated 26.9.17 - Regarding. Attention of ail the Importers, Exporters, Customs Brokers, Steamer Agents Custodians/Customs Cargo Service Providers, Trade Associations/Chamber of Commerce, Members of the RAC/PGC and the public is invited to CBEC's Circular No. 39/2017-C....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ication 91/2017 Customs (N.T) dated 26th September, 2017, as explained below: Definition of the term 'place of importation' 4. The term "place of importation" has been used in the CVR; however, the term was not defined. To bring in clarity, the "place of importation" has been defined as: "Place of Importation" means the customs station where the goods are brought for being cleared for hom....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f the imported goods at the place of importation, shall no longer be added to the CIF value of the goods. 5.2 The phrase "loading, unloading and handling charges" appearing in the amended Rule 10 (2) (a) is to be understood in context of Article 8(2) of the WTO Agreement which reads as "the cost of transport of the imported goods to the port or place of importation". Thus, only charges incurred....