Rule 1 - Short title, commencement and application - Customs Valuation (Determination of Price of Imported Goods) Rules, 1988

[M.F. (D.R.) Notification No. 51/88-Cus. (N.T.), dated 18th July, 1988 as amended.] In exercise of the powers conferred by Section 156 of the Customs Act, 1962 (52 of 1962), read with Section 22 of the General Clauses Act, 1897 (10 of 1897), and in supersession of the Customs Valuation Rules, 1963 except as respect things done or omitted to be done before such supersession, the Central Government hereby makes the following rules, namely :- 1. Short title, commencement and application. — (1) These rules may be called the Customs Valuation (Determination of Price of Imported Goods) Rules, 1988. (2) They shall come into force on the 16th August, 1988. (3) They shall apply to imported goods where a duty of customs is chargeable by reference to their value.