CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th Floor, 7 Cooperage Road, Mumbai - 400 001.India.
Tel : +91 22 22021288 / * Fax : +91 22 22026684
* E-mail : info@chemexcil.gov.in Web : https://chemexcil.in
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EPC/LIC/CBEC/CVR
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27th Sept 2017
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ALL MEMBERS OF THE COUNCIL
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Customs Valuation (Determination of Value of Imported Goods) Amendment Rules, 2017
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Dear Members ,
Kindly note that the Central Board Excise Customs (CBEC) has issued important Notification/ Clarification regarding Customs Valuation Amendment Rules 2107.
The Definition of the term ‘place of importation’, Treatment of the loading, unloading and handling charges, Computation of freight and insurance, Treatment of trans-shipment costs etc have been clarified vide the notification/ circular.
The gist of the recent Notification/ Circular are follows.
Circular No.39 / 2017-Customs
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26-09-2017
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Clarifications regarding amendments to the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 vide Notification No. 91/2017-Customs (N.T.) dated 26.09.2017
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http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-circulars/cs-circulars-2017/circ39-2017cs.pdf
Notification 91/2017-Cus
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26-09-2017
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Customs Valuation (Determination of Value of Imported Goods) Amendment Rules, 2017
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http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2017/cs-nt2017/csnt91-2017.pdf
Relevant members are requested to take note of these Notification/ Circular. For full details, you may download using above links.
Thanking you,
Yours faithfully,
(S.G. BHARADI)
Executive Director
CHEMEXCIL
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