Customs Valuation Declaration Rules 2023



Dated: 19.01.23


Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023


The CBIC vide Notification No 03/2023-Customs (NT) has notified the Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 on 11th January 23.


Key Points:

  1. Procedure for Specification of identified goods-For the purposes of clause (iv) of the second proviso to sub-section(1) of section-14 of the Act
  1. Sources for examining cases for identified goods-(1)  For  the  purpose  of  rule  5,  the Board  shall  rely  upon  a  written  reference  made  to  it  electronically  by  any  person  having reason to believe that the value of any class of imported goods or a subset thereof may not be declared truthfully or accurately.


These rules shall not be applied to-

(a) imports not involving duty

(b) goods for which tariff value has been fixed by the Board in terms of sub-section (2) of section 14 of the Act

(c) goods which attract import duty on specific rate basis

(d)  imports made in terms of authorization or license issued under duty exemption scheme of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) in which the inputs imported prior to export are physically contained in the export product

(e) imports where buyer and seller are related and an investigation on relationship has already been contemplated or finalized

(f) Project imports

(g) imports by Government, Public Sector Undertakings

(h) imports made in non-commercial quantities

(i) goods imported for the purpose of re-export; or

(j) imports specified by the Board

Source: CBIC, New Delhi


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The views expressed in the update are strictly personal, based on our understanding of the underlying law. We are not responsible for any injury, loss or cost arising to any person who refers this update and acts or refrains from any act accordingly. We would suggest that a detailed legal advice must be sought before relying on this update.


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