Modification in ICES process with reference to Customs Valuation (Determination of Value of Imported goods) Amendment Rules, 2017

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..... Sub: Modification in ICES process with reference to Customs Valuation (Determination of Value of Imported goods) Amendment Rules, 2017. ********** Kind attention of Importers/ Customs Brokers is invited to Para 3 (b) of Board's Notification No. 91/2017 - Customs (NT) dated 26th September 2017, wherein, the rule 10 of Customs Valuation (Department of Value of Imported Goods) Rules 2007 is .....

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..... ause (a) is not ascertainable, such cost shall be twenty percent of the free on board value of the goods." 4. As per the above proviso under Rule 10 sub rule 2 vide Customs Valuation (Department of Value of Imported Goods) Rules 2007 which has been amended by Customs Valuation (Department of Value of Imported Goods) Amendment Rules 2017, for the nature of contract CI, if the cost referred to frei .....

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