Appointment of Approved Valuer for valuing gold, silver, jewellery, precious stones, valuable articles etc-Reg. - Customs - PUBLIC NOTICE NO. 17/2023

GOVERNMENT OF INDIA MINISTRY OF FINANCE, DEPARTMENT OF REVENUE OFFICE OF THE COMMISSIONER OF CUSTOMS NEW CUSTOMS HOUSE, PANAMBUR, MANGALURU 575 010 Website: www. customsmangalore.gov.in Phone No. 0824-2408164 / Fax No. 0824-2407100 / [email protected] [email protected] File No.:I/(6)/1/2023-AADMN-CUS-AP-COMMRTE Date : 13-10-2023 PUBLIC NOTICE NO. 17 /2023 Sub : Appointment of Approved Valuer for valuing gold, silver, jewellery, precious stones, valuable articles etc-Reg. ***** Attention of Importers, Exporters, International Passengers, Customs Brokers and all other Stakeholders is invited to this office Public Notice No. 09/2023 dated 19.04.2023, wherein applications were called for appointment of approved valuers/appraisers for valuing gold, silver, jewellery, jewellery studded with precious/synthetic stones, valuable articles etc in the jurisdiction of Mangaluru Customs Commissionerate. 2. In accordance with this office Public Notice No. 09/2023 dated 19.04.2023, Shri. K. A. Sathish Acharya of M/s. Kanchana Jewellery Works, Lycoris Town, 1st Floor, Opp. H.P. Petrol Bunk, Bajpe, Mangaluru- 574 142; Mobile Nos: 9480484408 and 9113869101; email id: [email protected] is appointed as Valuer/Assayer for valuing gold, silver, jewellery of precious metals, jewellery studded with precious stones/synthetic stones, valuable articles etc. for import/export in the jurisdiction of Mangaluru Customs Commissionerate, Mangaluru as well as for valuation of seized/confiscated gold, silver, jewellery of precious metals, jewellery studded with precious stones/synthetic stones, valuable articles etc. in the jurisdiction of Mangaluru Customs Commissionerate, Mangaluru. 3. The above appointed Approved Valuer/Assayer is required to adhere strictly to the procedure and scope of work, as prescribed under this office Public Notice No. 09/2023 dated 19.04.2023 and furnish correct information/valuation failing which action would be initiated for immediate suspension/cancellation of candidature/withdrawal of appointment, as stipulated in the said Public Notice. 4. The above appointed Approved Valuer/Assayer is required to submit yearly performance report containing full description of the work attended by him such as Passport number, Date of attending the assaying, Passenger/Importer/Exporter Name, Description of goods, Quantity of goods declared/Assessed value of goods, Date of seizure (if relevant), Place of assaying or any other relevant information. The same shall be submitted to the Deputy/Assistant Commissioner of Customs, Mangaluru International Airport, Kenjar, Bajpe, Mangaluru, before 30th of April of every financial year, so as to assess his performance and to decide whether he is fit for continuing in the panel of Valuers/Assayers in the next year. Service Fees payable: 5.The service fees to be charged by the appointed assayer/valuer for valuation of any asset shall not exceed the amount calculated at the following rates: Rates fixed for Assaying / Valuation Sl. No. Assayed Value (Rs) Rate 1. On the first 5 Lakh of the assayed value 0.5 % of the value 2. On the next 10 Lakh of the assayed value 0.2% of the value 3. On the next 40 Lakh of the assayed value 0.1 % of the value 4. On the balance of the assayed value 0.05% of the value * GST at the applicable rate is chargeable on the above Service Fee charged. 6. Where the amount of fees calculated is less than Rs. 1000/-, the appointed valuer may charge Rs. 1000/-. 7. The assayer/valuer shall charge for the service rendered as specified in this Public Notice or as notified by the Department from time to time. The fees/service charges, as claimed by the assayer/valuer, shall be borne by the Exporter/Importer/International passenger/Customs Broker or any other stake holder as applicable. Department shall not be responsible for non-payment/short payment of fees for services availed in this regard by the Exporter/Importer/International passenger/Customs Broker or any other stake holder. In respect of seized goods/confiscated consignments which are taken up for disposal by the Department, the charges shall be paid by the Department. The appointed valuer/assayer shall issue a certificate for the service provided and such certificate will be advisory in nature and shall not be binding on the Department. 8. The period of empanelment shall be for a period of 5 years with interim review at the end of 3 years (extendable by two more years). 9. This Public Notice should be considered as Standing Order for the concerned officers and staff under the jurisdiction of Mangaluru Customs Commissionerate. 10. Difficulty, if any, faced in implementation of this Public Notice may be brought to the notice of the Deputy/Assistant Commissioner of Customs, Mangaluru International Airport, Kenjar, Bajpe, Mangaluru 574142, E-mail: [email protected]. ( V. SOUNDARARAJAN ) Principal Commissioner