Methods of valuation of export goods - CBEC's Customs Manual 2023 - Customs

..... 10. Methods of valuation of export goods: 10.1 The provisions of Section 14(1) of the Customs Act, 1962 specifically cover the valuation of export goods. Also, the Customs Valuation (Determination of Value of Export Goods) Rules, 2007 have been framed to provide a sound legal basis for the valuation of export goods and check deliberate overvaluation of export goods and mis-utilization of value based export incentive schemes. 10.2 Rule 3 of the Customs Valuation (Determination of Value of Export .....

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Methods of valuation of export goods - CBEC s Customs Manual 2023 - Customs

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..... ion of rate of exchange for the conversion of Indian currency into foreign currency and foreign currency into Indian currency which will be used by the assessing officer to arrive at the value of exported and imported goods respectively. Currently, such values are notified for 20 currencies. For the purpose of valuation of goods, "foreign currency" and ''Indian currency" have the same meanings assigned to them in terms of clause (m) and clause (q) of section 2 of the Forei .....

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Methods of valuation of export goods - CBEC s Customs Manual 2023 - Customs

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