Prakas No.387 of 2008 on Customs Valuation of Imported Goods

The Prakas on Customs Valuation of Imported Goods provides the conditions to determine the value of imported goods. It includes several chapters about the following issues: definitions (I), transaction value as primary basis of valuation (II), adjustment of price actually paid or payable (III), transaction value of identical goods as customs value (IV), transaction value of similar goods as customs value (V), deductive value as customs value (VI), computed value as customs value (VII) and residual basis of valuation (VIII).