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Circular No. : 11013/34/96-Ad IV / Pt. II Dated : 2/6/1997
F.NO. A. 11013/34/96-Ad.IV/Pt.II
Ministry of Finance
Department of Revenue
Central Board of Excise Customs
New Delhi, the 2nd June, 1997.
All Chief Commissioners of Customs Central Excise,
All Directorates General - Customs Central Excise,
All Commissioners of Customs Central Excise,
All Directors Customs and Central Excise,
Subject:- Allocation of 28-posts of Commissioners of Customs and Central Excise Creation of Directorate of Valuation (Customs Central Excise) at Mumbai.
Please refer to the Order No A. 11013/34/96-Ad.IV dated 7th November, 1996 conveying the sanction of 28 posts in the grade of Commissioner of Customs and Central Excise.
(a) To assist and advice the Board in the implementation and monitoring of the working of the W.T.O Agreement on Customs Valuation.
(b) To build a comprehensive valuation data-base for internationally traded goods using past precedent, published price information or prices obtained from other authentic sources and to disseminate the price information on a continuing basis to all Customs formations, for on-line viewing and as a means of assistance to day-to-day assessment with a view to detecting and preventing undervaluation as also for enabling assessments to be finalised speedily.
(c) To monitor valuation practices at various Customs formations and bring to the notice of the Board significant and emerging pricing patterns and also suggest corrective policy or other measures, where needed.
(d) To maintain liaison with the Valuation Directorate of other Customs Administrations and Customs officers posted abroad.
(e) To study international price trends of sensitive commodities and pricing patterns of trans-national corporations (e.g. transfer pricing) and Indian ventures with foreign collaboration and help evolve a system to combat planned udervaluation as well as valuation frauds.
Please acknowledge receipt of this letter.
Joint Secretary to the Govt. of India.
The Principal Chief Controller of Accounts (C.B.E.C.),
A.G.C.R. Building, New Delhi.
Pay Accounts Officer, C/o Concerned Commissioner of Customs and Central Excise/Custom Houses.