Customs and Excise Act, 1964 (Act No. 91 of 1964)

Chapter IX : Value

74. Value of goods not liable to ad valorem duty
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(1)Subject to the provisions of subsection (2), the customs value of any imported goods shall be declared by the importer on entry of such goods.

 

(2)The Commissioner may by rule exempt, to the extent specified in the rules, any class or kind of such goods or any such goods to which circumstances so specified apply, from the provisions of subsection (1).