(1) There shall be Valuation Committee, as following, determine the value of vehicles and means of transportation
deposited in the customs office, goods to be auctioned as per these Rules, and the goods under the Sub-section (3) of Section 71 of the Act.
(a) Chief of the Customs Office or in his/her absence officiating Chief Coordinator
(b) Representative from the concerned District Administration Office Member
(c) Representative from the concerned Federation of Industry and Member  Commerce
(d) Representative from the concerned Treasury Office Member
(e) Mechanical technician in case of vehicle and means of transportation Member
(2) The Committee formed under Sub-rule (1), while making valuation, shall also consider physical condition, local demand, usefulness, use period, depreciation, and market price while determining the value of the goods. While fixing the value of the goods  purchased under Clause (b) of Sub-section (15) of Section 13 of the  Act, the purchase price of the goods, the customs duty for the import of such goods, and the market price of the goods shall also be taken into consideration.
(3) The Valuation Committee formed under Sub-rule (1) may invite other persons to the meeting if the committee considers appropriate.
(4) The quorum of committee shall deem to be constituted under Sub-rule (1), if the Coordinator and other Two members are present and the majority opinion shall be considered the decision of the Committee.
(5) The meeting allowance for the committee members for participating in the meeting shall be determined by the Ministry of Finance.