[TO
BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3,
SUBSECTION (i)]
Government
of India
Ministry of Finance
(Department of Revenue)
(Central Board of Excise and Customs)
Notification
No. 91/2017-CUSTOMS (N.T.)
New
Delhi, 26th September, 2017
4 Asvina, 1939 (SAKA)
G.S.R. ….. (E).– In
exercise of the powers conferred by section 156 read with section 14 of the
Customs Act, 1962 (52 of 1962), the Central Government, hereby makes the
following rules to amend the Customs Valuation (Determination of Value of
Imported Goods) Rules 2007, namely:-
2. (i) These rules may be called the
Customs Valuation (Determination of Value of Imported Goods) Amendment Rules,
2017.
(ii) They shall come
into force on the date of their publication in the Official Gazette.
3. In the Customs Valuation (Determination
of Value of Imported Goods) Rules 2007, -
(a) in rule 2, after
clause (d), the following shall be inserted, namely: - “(da) “place of
importation” means the customs station, where the goods are brought for being
cleared for home consumption or for being removed for deposit in a warehouse;”
(b) in rule 10, for
sub-rule (2), the following shall be substituted, namely: -
“(2) for the purposes
of sub-section (1) of section 14 of the Customs Act, 1962 (52 of 1962) and
these rules, the value of the imported goods shall be the value of such goods,
and shall include –
(a) The cost of
transport, loading, unloading and handling charges associated with the delivery
of the imported goods to the place of importation;
(b) The cost of
insurance to the place of importation:
Provided
that where the cost referred to in clause (a) is not ascertainable, such cost
shall be twenty per cent of the free on board value of the goods:
Provided
further that where the free on board value of the goods is not ascertainable
but the sum of free on board value of the goods and the cost referred to in
clause (b) is ascertainable, the cost referred to in clause (a) shall be twenty
per cent of such sum:
Provided
also that where the cost referred to in clause (b) is not ascertainable, such
cost shall be 1.125% of free on board value of the goods:
Provided
also that where the free on board value of the goods is not ascertainable but
the sum of free on board value of the goods and the cost referred to in clause
(a) is ascertainable, the cost referred to in clause (b) shall be 1.125% of
such sum:
Provided
also that in the case of goods imported by air, where the cost referred to in
clause (a) is ascertainable, such cost shall not exceed twenty per cent of free
on board value of the goods:
Provided
also that in the case of goods imported by sea or air and transshipped to
another customs station in India, the cost of insurance, transport, loading,
unloading, handling charges associated with such transshipment shall be
excluded.
Explanation: The cost
of transport of the imported goods referred to in clause (a) includes the ship
demurrage charges on charted vessels, lighter age or barge charges.”
[F. No.
466/32/2015-Cus-V]
(Satyajit
Mohanty)
Director (ICD)
Note: - The principle rules were published in the Gazette of India, Extraordinary, Part-II, Section-3, Subsection (i), vide Notification No.94/2007–Customs (N.T.), dated the 13th September, 2007, vide number G.S.R. 592 (E), dated the 13th September, 2007.
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