Customs Valuation ( Determination of Value of Export Goods) Rules, 2007- Instructions - Customs - PUBLIC NOTICE NO. 61/2007

OFFICE OF THE COMMISSIONER OF CUSTOMS NEAR AKASHWANI: NAVRANGPURA: AHMEDABAD 380 009 F. No. VIII/48-230/Cus/T/2007 Dated: 10.10.2007 PUBLIC NOTICE NO. 61/2007 Sub : Customs Valuation ( Determination of Value of Export Goods) Rules, 2007- Instructions - Regarding Attention of all the Trade Associations/Chambers of Commerce and Members of Regional Advisory Committee, Importers, Exporters and Custom House Agents Association, is invited to the Public Notice No. 53/2007 dated 21.09.2007, issued by this Commissionerate from even File Number, vide which the Export Valuation Rules, i.e., Customs Valuation (Determination of Value of Export Goods) Rules, 2007, which have come into force on 10th of October, 2007, were circulated. 2. The Board has since issued another Circular No. 37/2007-Customs dated 09.10.2007, issued from F. No. 467/35/2007-Cus.V, by the Director (ICD), Central Board of Excise Customs, New Delhi, on the above subject, a copy of which is enclosed herewith for information, guidance and necessary action. 3. Vide above mentioned Circular, Board has issued certain clarifications with regard to Export Valuation Rules, i.e., Customs Valuation (Determination of Value of Export Goods) Rules, 2007. It has been further clarified that the main purpose of introducing the Export Valuation Rules is to provide for a sound legal basis for the valuation of export goods. Further vide Rule 7 of the Export Valuation Rules calls for a declaration relating to the value to be filed by the exporter. Accordingly, a declaration format for this purpose has been designed and the same is enclosed as Annexure-A. All the exporters are required to file the said declaration alongwith their Shipping Bills. 4. All the Trade Associations/Chambers of Commerce and Members of Regional Advisory Committee and Custom House Agents Association are requested to publicise the contents of the said Circular dated 09.10.2007, amongst their Members/Constituents, for their information and necessary action. (RAKESH KUMAR SHARMA) COMMISSIONER OF CUSTOMS