Central Valuation Division opens Vishva Auditorium meant for conducting seminars and training sessions for officers and the stakeholders. Simultaneously, new projects of public-private partnership through the newly setup research unit and public awareness on valuation rules and regulations through web and other resources will be launched.
Central Valuation Division is responsible for the valuation of imported goods when advalorem duties are applicable. Valuation of abandoned and seized goods put up for tender sales also come under this Division. This Division administers the valuation principles in World Trade Organization's Agreement of Customs Valuation (ACV) incorporated in Sections 51, 52 and Schedule E. This Division employs modern tools and research facilities to gather and compile Value data for the distribution among the functional units, while facilitating and fostering public-private partnership.