Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 (CAVR, 2023) - CBEC's Customs Manual 2023 - Customs

12. Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 (CAVR, 2023) 12.1 To address the issue of undervaluation in imports the Board has framed Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 . These rules provide for the additional obligations of the importer in respect of a class of imported goods whose value is not being declared correctly, the criteria of selection of such goods, and the checks in respect of such goods. The Rules shall enter into force on 11th February 2023. Any person having information on undervaluation prevailing for any class of goods may refer the matter to CBIC for examination on [email protected]. 12.2 The CAVR, 2023 can be applied only by following the processes referred in the rules. The written reference must have been made to the Board which, if found suitable by Screening Committee for detailed examination, must have been comprehensively examined by Evaluation Committee which should have concluded the likelihood that the value of the relevant class of goods may not be declared truthfully, having regard to the trend of the declared value or other relevant criteria. Thereafter, the Screening Committee s recommendation confirming the completeness of such report must have been made to the Board. If satisfied that the recommended report should be accepted, the Board may specify the identified goods. 12.3 The rules provide for the processes to be followed before the Board may specify a class of imported goods, for which there is a reason to believe that the value may not be declared truthfully or accurately but below it, as identified goods. The rules also provide for the procedures to be followed by an importer of identified goods, once the relevant class of goods have been specified as identified goods by the Board. These include declaring certain aspects while filing the bill of entry. Further, if required by the Customs Automated System, such importer shall also fulfil the specified additional obligations, and specified checks shall be performed so as to enable and assist the importer to demonstrate the truthfulness and accuracy of the declared value. 12.4 The circumstances, and manner, in which an Order may be withdrawn, or its parameters altered, as also the manner of review of Order, are described in the rules. [Refer Circular No. 1/2023 dated 11.01.2023 ]