Appointment of Panel of Approved Valuers/Assayers for valuing Gold, Silver, Jewellery, Precious Stones and Valuable Articles etc. - reg. - Customs - PUBLIC NOTICE NO. 03 / 2024

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE OFFICE OF THE PRINCIPAL COMMISSIONER OF CUSTOMS CHENNAI I (AIRPORT) COMMISSIONERATE ANNA INTERNATIONAL TERMINAL, CHENNAI. Phone: 2256 4354 /email:[email protected] Date: 29-05-2024 PUBLIC NOTICE NO. 03 / 2024 ***** Subject : Appointment of Panel of Approved Valuers/Assayers for valuing Gold, Silver, Jewellery, Precious Stones and Valuable Articles etc. - reg. Attention of all the Importers, Exporters, International Passengers, Customs Brokers and all other stakeholders is invited to this Office Public Notice No. 02/2024 dated 20.03.2024 and addendum dated 29.03.2024, wherein applications were called for appointment of approved Valuers/Appraisers. 2. In accordance with this Office Public Notice No. 02/2024 dated 20.03.2024 and addendum dated 29.03.2024, the panel of Valuers/Assayers has been constituted based on the sound academic background, performance, expertise and experience in the required field. Accordingly, the following persons are appointed as Valuers/Assayers for valuing Gold, Silver, Jewellery studded with precious/synthetic stones or otherwise-made up of Gold/Silver or other precious metals, Precious Synthetic Stones, Valuable Articles studded with precious/synthetic stones or otherwise made up of Gold/Silver or other precious metals etc., which are meant for export/import or seized or confiscated at all the formations of Chennai-I (Airport) Commissionerate: Sl. No. Name of the Valuers (S/Shri/Ms.) Address Mobile No. 1 J. J. Sripal Challani 23/2, Habibullah Road, T Nagar, Chennai-600017 9994166063 2 G. Guru Ganesh New no. 28/Old no.21, Solai Amman Koil Street, Purasaiwalkkam, Chennai-600007 8122908070 3 Ratanchand Jawarilal Jayantilal 23/2, Habibullah Road, T Nagar, Chennai-600017 9940147199 4 S. Santhakumar 1091, Trellis Appaswamy s South, 184-188, NSK Salai, Arcot Road, Vadapalani, Chennai-600026 9840890091 5 S. Abinaya 1091, Trellis Appaswamy s South, 184-188, NSK Salai, Arcot Road, Vadapalani, Chennai-600026 9789822883 3. The above appointed Valuers/Assayers are required to submit Annual Performance Report at the end of every financial year, containing full description of the work attended by them such as Bill of Entry/Shipping Bill/Passport Number, Date of Attending/Assaying, Name of the Passenger/Importer/Exporter, Description of Goods, Quantity of Goods, declared/Assessed value of goods, Date of Seizure (if relevant), Place of Assaying (Airport/Foreign Post Office/ Air Cargo Complex etc.) or any other relevant information. The same shall be submitted to the Principal Commissioner of Customs, Chennai-I (Airport) Commissionerate before 30th of April of next Financial Year, so as to assess their performance annually in order to decide whether they are fit or otherwise for continuing in the Panel of Valuers/Assayers for the next year. 4. The above Valuers/Assayers are appointed from 01.06.2024 onwards for a period of 2 years with the interim review at the end of 1 year. 5. The above appointed Valuers/Assayers required to make himself/herself available, with all the necessary equipment, at any time during the day or night or as and when his/her services are required by the Department. Service Fees payable: 6. The service fees to be charged by 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 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. 7. Where the amount of fees calculated is less than Rs.1000/-, the appointed Assayer/Valuer may charge Rs.1000/-. 8. 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 stakeholder as applicable. The Department shall not be responsible for non-payment/short payment of fees for services availed in the regard by the Exporter/Importer/International Passenger/Customs Broker or any other stake holder. In respect of seized/, confiscated goods which are taken up for valuation by the Department, the charges shall be paid by the Department. The appointed Valuer/Assayer shall issue a Certificate for having rendered the service and such a certificate will be advisory in nature and shall not be binding on the Department. 9 . The appointment of Valuers/Assayers does not imply endorsement of their services by the Customs department. Valuers/Assayers are solely responsible for the accuracy and integrity of their assessments. 10. The Public Notice supersedes all the Public notices issued earlier on the subject matter. 11. Difficulty, if any, faced in implementation of this Public Notice may be brought to the notice of this Office. RAMAVATH SRINIVASA NAIK PRINCIPAL COMMISSIONER