a) The term “place of importation” which was used in the CVR earlier without definitation, has been defined as “customs station, where the goods are brought for being cleared for home consumption or for being removed for deposit in a warehouse”.
b) The following amendments have been made vide Notification No. 91/2017-Cus. read with Circular No. 39/2017-Cus.:
- Erstwhile Rule 10(2)(b) which prescribed inclusion of loading, unloading and handling charges associated with the delivery of the imported goods at the place of importation has been deleted.
- Rule 10(2)(a) has been substituted, where in the transaction value shall include cost of transport, loading, unloading and handling charges associated with the delivery of the imported goods to the place of importation.
- Proviso revised to extend the earlier exclusion of all costs incurred during movement of goods from port to ICD/ CFS to transhipment of goods by sea or air.
Categories: Custome & Excise