Notification no. 03/2002, Dated 24 Jan 2002

24^th January, 2002

            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.        (1) These rules may be called the Customs Valuation (Determination of Price of Imported Goods) Amendment Rules, 2002.

            (2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Customs Valuation ( Determination of Price of Imported Goods ) Rules, 1988, in the Schedule, under the heading "Notes to rules", for the sub-headings "Rule 4(2)(a)(iii)", and "Rule 4(2)(b)" , the sub-headings "Rule 4(2) (e)(iii)" , and "Rule 4(2)(f)" shall respectively be substituted.

Rimjhim Prasad
Under Secretary to the Government of India

F.No. 467/ 24/ 2000- Cus.V

Note:- The Principal rules were published in the Gazette of India vide notification No. 51/88-Cus.(NT), dated the 18^th July, 1988 [ GSR 800(E), dated 18^th July, 1988] and subsequently amended by notifications -

(1) No.53/88-Cus.(N.T.), dated10.08.1988; GSR 851 ( E), dated 10.08.1988

(2) No.71/89-Cus(N.T.),dated19.12.1989;GSR 1055 (E), dated 19.12.1989

(3) No. 39/90-Cus (N.T.), dated 05.07.1990 ; GSR 619 (E), dated 5.7.1990

(4) No. 44/90-Cus (N.T.), dated 03.08.1990; GSR 695 (E), dated 3.8.1990

(5) No. 67/91-Cus (N.T.), dated 01.10.1991 ; GSR 612 (E), dated 1.10.1991

(6) No. 26/95-Cus (N.T.), dated 24.04.1995; GSR 358 (E) dated 24.4.1995

(7) No. 10/98-Cus (N.T.), dated 19.02.1998; GSR 77 (E), dated 19.02.1998

(8) No. 41/2001-Cus (N.T.), dated 07.09.2001; GSR 652(E), dated 7.9.2001