Dec 09, 2022
Importers will have to furnish additional
information at Customs Automated System and while filing a bill of entry in
case of "specified goods"
The Central Board of Indirect Taxes and Customs (CBIC) has released the draft
rules pertaining to the Customs Valuation of imported goods, which will
effectively implement the amendment proposed in Section 14 of the Customs Act
which deals with the valuation of imported goods.