Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 (CAVR, 2023)

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.... Goods) Rules, 2023. These rules provide for the additional obligations of the importer in respect of a class of imported goods whose value is not being declared correctly, the criteria of selection of such goods, and the checks in respect of such goods. The Rules shall enter into force on 11th February 2023. Any person having information on undervaluation prevailing for any class of goods may ref....

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....vide for the processes to be followed before the Board may specify a class of imported goods, for which there is a reason to believe that the value may not be declared truthfully or accurately but below it, as identified goods. The rules also provide for the procedures to be followed by an importer of identified goods, once the relevant class of goods have been specified as identified goods by the....