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TMI BlogCustoms (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023(CAVR, 2023) -reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... 7244979) DIN No. 20230178NW0000000A306 Date: 20-01-2023 Public Notice No. 05/2023 Subject: Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023(CAVR, 2023) -reg. Attention of all importers, Exporters, Custom Brokers, Trade and other Stakeholders is invited to the Circular No. 01/2023-Customs (N.T.) dated 1 1.01.2023 issued by CBIC, M/O Finance in respect of Cust ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2023 has been issued notifying the Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 (hereafter referred as CAVR, 2023). 4. The provisions of CAVR, 2023 are self-contained, and may be read. The aspects in these rules include - (a) the processes to be followed before the Board may specify a class of imported goods (as identified goods), for which there is a reas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th rule 12 of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 (CVR, 2007) only. 3, The CAVR, 2023 can be applied only by following the processes referred in the rules. The rules provide guidance to both, the person making the reference to the Board, as well as in the undertaking of detailed examination. 6. The written reference must have to be made to the Board. The e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to specified checks so as to enable and assist the importer to demonstrate the truthfulness and accuracy of the declared value. 8. It is also emphasized that the said specified additional obligations, in most cases, should be adequate for the purposes of these rules. Sparingly, for reasons to be recorded in writing, and with the concurrence of Joint or Additional Commissioner of Customs, the furt ..... X X X X Extracts X X X X X X X X Extracts X X X X
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