TaxTMI 
TaxTMI 
Appointment of approved Valuers for valuing Gold, Silver, Jewellery, Precious Stones and Valuable Articles etc. - Calling for nomination
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....of Customs Preventive Commissionerate, Cochin. Scope of work: 2. The required services may include making the arrangement of smelter/furnace for extraction of gold/other precious metals from their compound form and the presence of appointed assayer/valuer shall be mandatory during the whole process of extraction. 3. The assayer/valuer so appointed is required to make himself/ herself available at any time during the day or night or as and when his/her services are required in the above cited jurisdiction. 4. The assayer/valuer will be required to furnish the requisite certificates as Government approved Valuer and Assayer on requisition by a) foreign bound passengers for the purpose of Export Certificate of their jewellery/valuables and, b) department for purpose of assaying/ valuing seized goods, including extraction etc. 5. The assayer/valuer is required to present himself/ herself before any Adjudicating Authority/ Appellate Authority/ Courts to give the evidence/produce the relevant records, as and when required. Service Fees payable: 6. The service fees to be charged by appointed assayer/valuer for valuation of any asset shall not exceed ....
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.... documents within the prescribed time limit. On receipt of applications, they would be short listed and will be subjected to verification to check as whether they have come to adverse notice of the Customs, GST, DRI etc., as desired by the selection panel, before they are approved for appointment. 13. The appointment will be done through process of formal interview by a panel of officers of the rank of Commissioner of Customs, Joint/Deputy Commissioner of Customs. The dates of interview and name of applicants/persons shortlisted for interview will be published on the website of Customs Preventive Commissionerate, Cochin (https://cenexcisekochi.gov.in/customs-preventive/) and intimated to the individuals by e-mail. The decision of the panel shall be final in the selection process. The panel deserves the right to select an assayer who is found to have expertise irrespective of qualifications. 14. The applicant, in case of a firm/company shall sponsor such employees/ partners/directors who have the requisite qualification and experience for interview. Only such persons who are employees/partners/directors, who have appeared and qualified in the interview, will be allowed to carr....
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....e), Cochin. Encl: as above Joint Commissioner of Customs Customs (Preventive) Commissionerate ANNEXURE-1 Form-1 Proforma for application (Please see Eligibility and Other Conditions as per Annexure 2) (*self-attested copies of supporting documents to be submitted) 1. Name of the Applicant *: 2. Father's Name: 3. Date of Birth *: 4. Present Address *: 5. Aadhar Number *: 6. PAN Number *: 7. GSTIN (if applicable) *: 8. E-mail ID: 9. Telephone/Mobile No. (s): 10. Qualifications: Y Name of the Educational Institution Year of passing Percentage of Marks obtained Remarks 11. Name and details of Membership of Professional Body of Valuers/ Appraisers (if any) (enclose copy of membership): 12. Experience in Valuation: (including assaying/valuation done for any other Govt. Depts./Banks/Public or Private Companies) (Mention Period with documentary Proof) Name of organization Period of experience ....
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....entral Excise Act, 1944, the Finance Act, 1994, the Central Goods and Services Tax Act and Integrated Goods and Services Tax Act, 2017 nor any case is pending against me/us under the above Acts. 13. I further declare that I/ We have neither been convicted by any competent court for an offence nor any criminal proceeding is pending against me in any court of law. * Strike out whichever is not applicable. Date: Place: (Signature(s) with Name(s) (Individual/All Partners/Directors) ANNEXURE-2 ELIGIBILITY CONDITIONS FOR APPOINTMENT OF ASSAYER/VALUER AND OTHER CONDITIONS: 1. All Assayers/Valuers appointed by Customs shall be governed by the provisions of the Public Notices and Instructions issued by the department from time to time. 2. While conducting a valuation, Assayers/Valuers have to comply with best of well-known trade /business practices. 3. Qualifications and Previous Work Experience: i. It is necessary that Assayers /Valuers possesses proper educational qualifications which make him competent to carry out the task of valuation of Valuables. In addition, relevant work experience is also important. Persons possessing the following educationa....
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....ice/Head of the organization and bearing rubber stamp of the issuing office/entity. d. Experience shall be calculated on basis the of experience letter/certificate issued by the State/Central Government Department/PSU/Scheduled Banks/reputed Sales units. e. Assayers/Valuers should have thorough knowledge of the industry concerned and also the type of goods to be valued. f. Assayers/Valuers should constantly update their knowledge-base by actively participating in various continuing education programmes including seminars, conferences, workshops, training programmes, capacity building programmes, etc. 5. Retired Staff Members of any Department/ organization/ Company/Firm: A retired staff member who had worked as assayer/valuer, is otherwise eligible for appointment may also be considered for appointment by the Department subject to the restrictions that (i) No punishment/penalty arising out of disciplinary proceedings has been imposed upon him/her either during the service career or subsequent to his/her superannuation. (ii) No disciplinary/criminal/judicial proceedings are contemplated/ pending subsequent to his/her superannuation ....
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....complete and full disclosure at the time of application for appointment, and should disclose immediately to the Department any such developments that may take place during the tenure of his/its empanelment with the Department. x. The applicant shall keep the Department informed immediately of any happenings or events that would make him/it ineligible for appointment. xi. For any negligence, lapses, professional misconduct and/ or unfair practices resorted to by applicant whether with the Department and/or other institutions, his/its appointment with the Department will stand cancelled without further reference. B. The above conditions apply to the individual, proprietor in case of sole proprietary concern, all individual partners and firm, in case of partnership firm, all directors and company in case of company. C. Applicant shall submit to the Department declaration-cum undertaking to the above effect duly executed on non-judicial stamp paper of requisite value [individual/sole-proprietor/all partners of the firm/all directors of the company in both representative and personal capacity at the time of his/its appointment. 7. CODE OF CONDUCT F....
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.... shall act with objectivity in his/its professional dealings by ensuring that his/its decisions are made without the presence of any bias, conflict of interest, coercion, or undue influence of any party, whether directly connected to the valuation assignment or not. ii. The assayer/valuer shall not take up an assignment if he/it or any of his/its relatives or associates is not independent in terms of association to the company. iii. The assayer/valuer shall maintain complete independence in his/its professional relationships and shall conduct the valuation independent of external influences. iv. The assayer/valuer wherever necessary shall disclose to the clients, possible sources (conflicts of duties and interests, while providing unbiased services. v. The assayer/valuer shall not list or divulge to other clients or any other party any confidential information about the subject client/company, which has come to his/its knowledge without proper and specific authority or unless there is a legal or professional right or duty to disclose. IV. Information Management: i. The assayer / valuer shall ensure that he/it maintains written c....
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....e guided by the quality of diligence in inspecting the goods presented in detail and investigate, inspect and analyse it accordingly. He/it should take reasonable care in arriving at the valuation of the item entrusted. ii. The assayer / valuer may be accused of negligence if he/ it disregards the following: (i) Market value of the item. (ii) Inadequate physical inspection of the item. (iii) Ingredients of the item etc. iii. Lapse on part of assayer/valuer may include conspiracy of CA, with importer/exporter in undervaluation/overvaluation, incomplete, false and/or misleading report on the goods being valued. 8. DEPANELMENT: i. For any professional misconduct of assayer/valuer and/or where the Revenue suffers loss due to any negligence and/or lapses on the part of assayer/valuer, it will initiate such action against him/it as deemed necessary. Keeping in view the gravity of the lapses and/or misconduct, the department may take following action(s): 9. Removal of assayer's/ valuer's name from its panel after giving him/it an opportunity of being heard followed by a written communication to that effect. 10. Initiat....