CBIC to come out with list of ‘identified goods’ to check undervaluation of imports

January 11, 2023

The Central Board of Indirect Taxes and Customs (CBIC) will come out with a list of ‘identified goods’, which will be subject to stricter scrutiny for their true value. As per the rules, two committees will be constituted — a screening committee for a preliminary examination of ‘identified goods’ and an evaluation committee for a detailed examination.

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