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

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....:- 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-Customs, dated 26.09.2017 for the amendment to Customs Valuat....

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....ined 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 home consumption or for being removed for deposit in a warehouse" 4.1 In v....

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....e 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 for delivery of goods "to" the place of importation (such as the loading and hand....