Customs Valuation Rules, 1988 - Amendment - 10/98 - Customs - Non Tariff

Customs Valuation Rules, 1988 - Amendment Notification No. 10/98-Cus. (N.T.) Dated 19-2-1998 In exercise of the powers conferred by section 156 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following rules further to amend the Customs Valuation (Determination of Price of Imported Goods) Rules, 1988, namely :- 1. (i) These rules may be called the Customs Valuation (Determination of Price of Imported Goods) Amendment Rules, 1998. (ii) They shall come into force on the date of their publication in the Official Gazette. 2. After rule 10 of the Customs Valuation (Determination of Price of Imported Goods) Rules, 1988, the following rule shall be inserted, namely :- " 10A. Rejection of declared value. - (1) When the proper officer has reason to doubt the truth or accuracy of the value declared in relation to any imported goods, he may ask the importer of such goods to furnish further information including documents or other evidence and if, after receiving such further information, or in the absence of a response of such importer, the proper officer still has reasonable doubt about the truth or accuracy of the value so declared, it shall be deemed that the value of such imported goods cannot be determined under the provisions of sub-rule (1) of rule 4. (2) At the request of an importer, the proper officer, shall intimate the importer in writing the grounds for doubting the truth or accuracy of the value declared in relation to goods imported by such importer and provide a reasonable opportunity of being heard, before taking a final decision under sub-rule (1)".