Implementation of Self-Assessment in Customs

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..... ed 16/08/2011 issued by this Commissionerate regarding implementation of Self-Assessment in Customs. 2. It has been brought to the notice that some importers are importing Acrylic Sheets and their off cuts with a description that are very generic such as 'Acrylic sheets and their off cuts'. However, no grade of the raw material of the acrylic sheets is generally being declared. Some of th .....

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..... varies rom 1 mm to 50 mm and these are available in clear, opal white, translucent, transparent and opaque colours. 5. Raw material used in the manufacturing of acrylic sheets and their off cuts is acrylic resin and catalyst. There are several types of acrylic resin depending upon various physical and chemical properties of these resins. Price range of acrylic resin is ₹ 55/- to ₹ 59 .....

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..... emption notifications claimed, if any, in respect of the imported/export goods while presenting Bill of Entry or Shipping Bill. This is important for valuation of imported goods since Rule 12 of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 provides that the transaction value can be rejected on the ground of non-declaration of parameters such as brand, grade, specifi .....

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