TMI BlogAmendment to Customs Valuation Rules - Notification No. 91/2017 (NT) dated 26.9.17X X X X Extracts X X X X X X X X Extracts X X X X ..... 32/2017 Sub: Amendment to Customs Valuation Rules - Notification No. 91/2017 (NT) dated 26.9.17 -reg. Attention of all Customs Brokers, Exporters, Importers, Members of the Trade and other stake holders is invited to Board's Circular No. 39/2017 -Customs dated 26.09.2017 regarding amendment to Customs Valuation Rules vide Notification No. 91/2017 (NT) dated 26.9.17. 2. The valuat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 view of the above definition, the transaction value of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se '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 the port or place of importation . Thus, only charges incurred for delivery of goods to the place of importation (such as the loading and handling charges incurred at the load port ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ICDs; port to port, port to CFS, Airport to Airport etc.) within India will be excluded, providing uniform treatment to different modes of transshipment. 8. Difficulties, if any, faced in the implementation of this Public Notice may be brought to the notice of this office. (PARAG CHAKO BORKAR) COMMISSIONER - Circular - Trade Notice - Public Notice - Instructions - Office orders Ta ..... X X X X Extracts X X X X X X X X Extracts X X X X
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