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The Central Board of Indirect Taxes and Customs (CBIC) issued CAVR Review Order No. 02/2024 on November 13, 2024, extending the validity of CAVR Order No. 02/2023-Customs. The order applies to Stainless Steel of J3 grade, classified under various HS codes (72191200, 72191300, 72191400, etc.). Originally set to expire on November 28, 2024, the order is now extended for one year, remaining effective until November 28, 2025. This extension is made under the Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023, aimed at ensuring proper value declaration for identified stainless steel imports. The notification ensures continued compliance with the Customs Act, 1962, and provides clarity for stakeholders in the trade of stainless steel goods under the specified HS codes.

F.No.465/02/2023-Cus.V
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes & Customs
New Delhi
***

CAVR Review Order No. 02/2024-Customs | Dated: 13th November, 2024

Subject: Order for extension of validity of CAVR Order No. 02/2023-Customs under the Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 in  respect of Stainless Steel of J3 erade classified under HS Codes 72191200, 72191300, 72191400, 72192390, 72193290, 72193390, 72193490, 72193590, 72199012, 72199013, 72199090, 72202029, 72202090, 72209022, 72209029 & 72209090

In exercise of the powers conferred by clause (iv) of the second proviso to sub-section (1) of section 14 of the Customs Act, 1962 (52 of 1962), read with sub-rule (2) of rule 10 and rule 5 of the Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023, the Central Board of Indirect Taxes and Customs hereby extends the validity of CAVR Order No 2/2023-Customs dated 15th November 2023. issued in respect of Stainless Steel of J3 grade falling under HS Codes 72191200, 72191300, 72191400, 72192390, 72193290, 72193390, 72193490, 72193590, 72199012, 72199013, 72199090, 72202029, 72202090, 72209022, 72209029 & 72209090, for a period of 1 year with effect from 29th November 2024. This order shall remain in force till 28th November 2025.

(Megha Bansal)
Under Secretary to the Government of India
Email: [email protected]

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