Customs Valuation alludes to the assurance of the worth of imported merchandise to compute customs obligations, charges, and different charges imposed by the bringing in country. It clarifies the responsibility that planned operations organizations can cause because of carelessness, lacking documentation, or cooperation in false exercises. Logistics companies can become unwitting participants in this issue if they are not diligent in verifying the accuracy of the declared values. The Agreement on Customs Valuation (ACV) of the World Trade Organization governs customs valuation in India and many other nations.
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Customs Valuation Issues or Shipment Valuation Issues & Liability of Logistics Companies in India |

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