This course covers the legal framework for determining the assessable value of imported and exported goods under Section 14 of the Customs Act 1962 read with the Customs Valuation (Determination of Value of Imported Goods) Rules 2007 (CVR 2007) and the Customs Valuation (Determination of Value of Export Goods) Rules 2007, alongside Chapter 7 of the Indian Customs Manual 2025. Section 14 establishes that the value of imported goods shall be the transaction value — the price actually paid or payable — subject to conditions and adjustments prescribed in the Rules, and the course builds this foundation carefully before moving into the sequential valuation methods of CVR 2007.

The six valuation methods under CVR 2007 are covered in sequence — Transaction Value (Rule 3), Transaction Value of Identical Goods (Rule 4), Transaction Value of Similar Goods (Rule 5), Deductive Value (Rule 7), Computed Value (Rule 8), and Residual Method (Rule 9) — with emphasis on the hierarchy rule that each subsequent method is used only when the preceding one cannot be applied. CBLE consistently tests this sequence and the conditions for moving from one method to the next, making the hierarchy a core exam concept. The course explains the additions to transaction value under Rule 10 — including freight, insurance, commissions, royalties, license fees, assists, and proceeds of resale — and the corresponding deductions permitted, since Rule 10 adjustments generate a disproportionate share of CBLE valuation MCQs.

The concept of "related party" transactions under Rule 2(2) and the special scrutiny applied to transaction value where buyer and seller are related is covered in detail — including the test of whether the relationship influenced the price and the alternative value tests available to establish acceptability. The Special Valuation Branch (SVB) procedure for related-party imports is addressed alongside the provisional assessment connection. The export valuation side covers the simpler framework under the Export Valuation Rules — FOB value as the basis, permitted deductions, and the treatment of export goods where price is not the sole consideration. Chapter 7 of the Customs Manual is mapped throughout for the operational procedure including the role of the Customs Valuation Officer and the reference procedure when the declared value is disputed.