International Journal for Multidisciplinary Research (IJFMR) E-ISSN: 2582-2160 ● Website: www.ijfmr.com ● Email: editor@ijfmr.com IJFMR2206953 Volume 4, Issue 6, November-December 2022 1 Organizational Infrastructure Set Up and Management of Customs Valuation in Bangladesh Tanjina Rais First Secretary, National Board of Revenue, Bangladesh Abstract: The lack of understanding of customs valuation and related procedures are two principal factors affecting the efficiency of the customs administrations. The absence of effective customs valuation system influences the outcome of a country’s customs and trade policies and its revenue mobilization performance, and also encourages corrupt practices. Customs valuation has been the subject of international agreements in a view to constituting barriers to trade if not handled properly. The recommended organizational infrastructure for valuation requires the establishment of a central valuation office and regional and local valuation office with operational role if needed together with other important supporting functions such as risk management and post clearance audit. The central valuation office will be responsible for establishing valuation policy, developing procedures, supervising correct and adequate implementation and monitoring international developments in valuation. This article will recommend for proper analysis and review mechanisms for Customs valuation in place to ensure the effectiveness of control procedures throughout the customs territory. Procedures must be kept under review and adjusted from time to time to meet evolving demands. INTRODUCTION The key action needed in modernizing a customs administration consists of designing and implementing a comprehensive custom modernization program. Customs valuation does not work in isolation from the overall customs operational and management system. The ability to effectively undertake a valuation function is directly related to the administration’s overall quality. Effective implementation of The WTO Valuation Agreement requires an efficient customs administration, an initiative to modernize customs should take this into account. Valuation function can be strengthened by undertaking comprehensive reform that requires the following: 1. Provision of the necessary legislative framework, treatment of transport and insurance costs, right to appeal and so forth; 2. Development of value declaration and checking procedures, including self assessment, selective checking, risk analysis and post clearance review and audit. 3. Capacity building of valuation officers; 4. Introduction of post-clearance audit; 5. A strong risk management functions.