Customs Valuation (Determination of Price of Imported Goods) Amendment Rules, 1989 - 71/89 - Customs - Non Tariff

Customs Valuation (Determination of Price of Imported Goods) Amendment Rules, 1989 Notification No. 71/89-Cus. (N.T.) Dated 19-12-1989 In exercise of the powers conferred by Section 156 of the Customs Act, 1962 (52 of 1962), the Central Govt. hereby makes the following rules further to amend the Customs Valuation (Determination of Price of Imported Goods) Rules, 1988, namely :- 1. (1) These rules may be called the Customs Valuation (Determination of Price of Imported Goods) Amendment Rules, 1989. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In rule 9 of the Customs Valuation (Determination of Price of Imported Goods) Rules, 1988, in sub-rule (2), for the provisos, the following provisos shall be substituted, namely :- "Provided that - (i) where the cost mentioned in clause (a) are not ascertainable, such cost shall be twenty per cent of the free on board value of the goods; (ii) where the charges mentioned at clause (b) are not ascertainable, such charges shall be one per cent of the free on board value of the goods; (iii) where the cost mentioned at clause (c) are not ascertainable, such cost shall be 1.125% of free on board value of the goods. Provided further that in the case of goods imported by air, where the cost mentioned in clause (a) are ascertainable, such cost shall not exceed twenty per cent of free on baord value of the goods."