Briefly explain the following with reference to the Customs (Determination of Value of Imported Goods) Rules, 2007: (i) Goods of the same class or kind

Goods of the same class or kind: As per rule 2(1) (c) of Customs Valuation (Determination of value of imported goods) Rules, 2007, goods of the same class or kind, means imported goods that are within a group or range of imported goods produced by a particular industry or industrial sector and includes identical goods or similar goods.