diff --git a/flang/lib/Lower/CallInterface.cpp b/flang/lib/Lower/CallInterface.cpp
index 43bbbb933658a..4df203e6d31e2 100644
--- a/flang/lib/Lower/CallInterface.cpp
+++ b/flang/lib/Lower/CallInterface.cpp
@@ -1002,7 +1002,8 @@ class Fortran::lower::CallInterfaceImpl {
       addPassedArg(PassEntityBy::MutableBox, entity, characteristics);
     } else if (dummyRequiresBox(obj, isBindC)) {
       // Pass as fir.box or fir.class
-      if (isValueAttr)
+      if (isValueAttr &&
+          !getConverter().getLoweringOptions().getLowerToHighLevelFIR())
         TODO(loc, "assumed shape dummy argument with VALUE attribute");
       addFirOperand(boxType, nextPassedArgPosition(), Property::Box, attrs);
       addPassedArg(PassEntityBy::Box, entity, characteristics);
diff --git a/flang/test/HLFIR/assumed_shape_with_value_keyword.f90 b/flang/test/HLFIR/assumed_shape_with_value_keyword.f90
new file mode 100644
index 0000000000000..b5080d9bedca6
--- /dev/null
+++ b/flang/test/HLFIR/assumed_shape_with_value_keyword.f90
@@ -0,0 +1,149 @@
+! RUN: bbc -emit-hlfir %s -o - | FileCheck %s
+
+! Addresses assumed shape dummy argument with VALUE keyword
+
+subroutine test_integer_value1(x)
+  integer, value :: x(:)
+  call internal_call1(x)
+end
+
+! CHECK-LABEL:  func.func @_QPtest_integer_value1(
+! CHECK-SAME:     %[[ARG0:.*]]: !fir.box<!fir.array<?xi32>> {fir.bindc_name = "x"}) {
+! CHECK:          %[[VAL_0:.*]]:2 = hlfir.declare %[[ARG0]] {fortran_attrs = #fir.var_attrs<value>, uniq_name = "_QFtest_integer_value1Ex"} : (!fir.box<!fir.array<?xi32>>) -> (!fir.box<!fir.array<?xi32>>, !fir.box<!fir.array<?xi32>>)
+! CHECK:          %[[VAL_1:.*]]:2 = hlfir.copy_in %[[VAL_0]]#0 : (!fir.box<!fir.array<?xi32>>) -> (!fir.box<!fir.array<?xi32>>, i1)
+! CHECK:          %[[VAL_2:.*]] = fir.box_addr %[[VAL_1]]#0 : (!fir.box<!fir.array<?xi32>>) -> !fir.ref<!fir.array<?xi32>>
+! CHECK:          fir.call @_QPinternal_call1(%[[VAL_2]]) fastmath<contract> : (!fir.ref<!fir.array<?xi32>>) -> ()
+! CHECK:          hlfir.copy_out %[[VAL_1]]#0, %[[VAL_1]]#1 to %[[VAL_0]]#0 : (!fir.box<!fir.array<?xi32>>, i1, !fir.box<!fir.array<?xi32>>) -> ()
+! CHECK:          return
+! CHECK:        }
+
+subroutine test_integer_value2(x)
+  integer, value :: x(:,:)
+  call internal_call2(x)
+end
+! CHECK-LABEL:  func.func @_QPtest_integer_value2(
+! CHECK-SAME:     %[[ARG0:.*]]: !fir.box<!fir.array<?x?xi32>> {fir.bindc_name = "x"}) {
+! CHECK:          %[[VAL_0:.*]]:2 = hlfir.declare %[[ARG0]] {fortran_attrs = #fir.var_attrs<value>, uniq_name = "_QFtest_integer_value2Ex"} : (!fir.box<!fir.array<?x?xi32>>) -> (!fir.box<!fir.array<?x?xi32>>, !fir.box<!fir.array<?x?xi32>>)
+! CHECK:          %[[VAL_1:.*]]:2 = hlfir.copy_in %[[VAL_0]]#0 : (!fir.box<!fir.array<?x?xi32>>) -> (!fir.box<!fir.array<?x?xi32>>, i1)
+! CHECK:          %[[VAL_2:.*]] = fir.box_addr %[[VAL_1]]#0 : (!fir.box<!fir.array<?x?xi32>>) -> !fir.ref<!fir.array<?x?xi32>>
+! CHECK:          fir.call @_QPinternal_call2(%[[VAL_2]]) fastmath<contract> : (!fir.ref<!fir.array<?x?xi32>>) -> ()
+! CHECK:          hlfir.copy_out %[[VAL_1]]#0, %[[VAL_1]]#1 to %[[VAL_0]]#0 : (!fir.box<!fir.array<?x?xi32>>, i1, !fir.box<!fir.array<?x?xi32>>) -> ()
+! CHECK:          return
+! CHECK:        }
+
+subroutine test_real_value1(x) 
+  real, value :: x(:)
+  call internal_call3(x)
+end
+! CHECK-LABEL:  func.func @_QPtest_real_value1(
+! CHECK-SAME:     %[[ARG0:.*]]: !fir.box<!fir.array<?xf32>> {fir.bindc_name = "x"}) {
+! CHECK:          %[[VAL_0:.*]]:2 = hlfir.declare %[[ARG0]] {fortran_attrs = #fir.var_attrs<value>, uniq_name = "_QFtest_real_value1Ex"} : (!fir.box<!fir.array<?xf32>>) -> (!fir.box<!fir.array<?xf32>>, !fir.box<!fir.array<?xf32>>)
+! CHECK:          %[[VAL_1:.*]]:2 = hlfir.copy_in %[[VAL_0]]#0 : (!fir.box<!fir.array<?xf32>>) -> (!fir.box<!fir.array<?xf32>>, i1)
+! CHECK:          %[[VAL_2:.*]] = fir.box_addr %[[VAL_1]]#0 : (!fir.box<!fir.array<?xf32>>) -> !fir.ref<!fir.array<?xf32>>
+! CHECK:          fir.call @_QPinternal_call3(%[[VAL_2]]) fastmath<contract> : (!fir.ref<!fir.array<?xf32>>) -> ()
+! CHECK:          hlfir.copy_out %[[VAL_1]]#0, %[[VAL_1]]#1 to %[[VAL_0]]#0 : (!fir.box<!fir.array<?xf32>>, i1, !fir.box<!fir.array<?xf32>>) -> ()
+! CHECK:          return
+! CHECK:        }
+
+subroutine test_real_value2(x) 
+  real, value :: x(:,:)
+  call internal_call4(x)
+end
+! CHECK-LABEL:  func.func @_QPtest_real_value2(
+! CHECK-SAME:     %[[ARG0:.*]]: !fir.box<!fir.array<?x?xf32>> {fir.bindc_name = "x"}) {
+! CHECK:          %[[VAL_0:.*]]:2 = hlfir.declare %[[ARG0]] {fortran_attrs = #fir.var_attrs<value>, uniq_name = "_QFtest_real_value2Ex"} : (!fir.box<!fir.array<?x?xf32>>) -> (!fir.box<!fir.array<?x?xf32>>, !fir.box<!fir.array<?x?xf32>>)
+! CHECK:          %[[VAL_1:.*]]:2 = hlfir.copy_in %[[VAL_0]]#0 : (!fir.box<!fir.array<?x?xf32>>) -> (!fir.box<!fir.array<?x?xf32>>, i1)
+! CHECK:          %[[VAL_2:.*]] = fir.box_addr %[[VAL_1]]#0 : (!fir.box<!fir.array<?x?xf32>>) -> !fir.ref<!fir.array<?x?xf32>>
+! CHECK:          fir.call @_QPinternal_call4(%[[VAL_2]]) fastmath<contract> : (!fir.ref<!fir.array<?x?xf32>>) -> ()
+! CHECK:          hlfir.copy_out %[[VAL_1]]#0, %[[VAL_1]]#1 to %[[VAL_0]]#0 : (!fir.box<!fir.array<?x?xf32>>, i1, !fir.box<!fir.array<?x?xf32>>) -> ()
+! CHECK:          return
+! CHECK:        }
+
+subroutine test_complex_value1(x)
+  complex, value :: x(:)
+  call internal_call5(x)
+end
+! CHECK-LABEL:  func.func @_QPtest_complex_value1(
+! CHECK-SAME:     %[[ARG0:.*]]: !fir.box<!fir.array<?x!fir.complex<4>>> {fir.bindc_name = "x"}) {
+! CHECK:          %[[VAL_0:.*]]:2 = hlfir.declare %[[ARG0]] {fortran_attrs = #fir.var_attrs<value>, uniq_name = "_QFtest_complex_value1Ex"} : (!fir.box<!fir.array<?x!fir.complex<4>>>) -> (!fir.box<!fir.array<?x!fir.complex<4>>>, !fir.box<!fir.array<?x!fir.complex<4>>>)
+! CHECK:          %[[VAL_1:.*]]:2 = hlfir.copy_in %[[VAL_0]]#0 : (!fir.box<!fir.array<?x!fir.complex<4>>>) -> (!fir.box<!fir.array<?x!fir.complex<4>>>, i1)
+! CHECK:          %[[VAL_2:.*]] = fir.box_addr %[[VAL_1]]#0 : (!fir.box<!fir.array<?x!fir.complex<4>>>) -> !fir.ref<!fir.array<?x!fir.complex<4>>>
+! CHECK:          fir.call @_QPinternal_call5(%[[VAL_2]]) fastmath<contract> : (!fir.ref<!fir.array<?x!fir.complex<4>>>) -> ()
+! CHECK:          hlfir.copy_out %[[VAL_1]]#0, %[[VAL_1]]#1 to %[[VAL_0]]#0 : (!fir.box<!fir.array<?x!fir.complex<4>>>, i1, !fir.box<!fir.array<?x!fir.complex<4>>>) -> ()
+! CHECK:          return
+! CHECK:        }
+
+subroutine test_complex_value2(x)
+  complex, value :: x(:,:)
+  call internal_call6(x)
+end
+! CHECK-LABEL:  func.func @_QPtest_complex_value2(
+! CHECK-SAME:     %[[ARG0:.*]]: !fir.box<!fir.array<?x?x!fir.complex<4>>> {fir.bindc_name = "x"}) {
+! CHECK:          %[[VAL_0:.*]]:2 = hlfir.declare %[[ARG0]] {fortran_attrs = #fir.var_attrs<value>, uniq_name = "_QFtest_complex_value2Ex"} : (!fir.box<!fir.array<?x?x!fir.complex<4>>>) -> (!fir.box<!fir.array<?x?x!fir.complex<4>>>, !fir.box<!fir.array<?x?x!fir.complex<4>>>)
+! CHECK:          %[[VAL_1:.*]]:2 = hlfir.copy_in %[[VAL_0]]#0 : (!fir.box<!fir.array<?x?x!fir.complex<4>>>) -> (!fir.box<!fir.array<?x?x!fir.complex<4>>>, i1)
+! CHECK:          %[[VAL_2:.*]] = fir.box_addr %[[VAL_1]]#0 : (!fir.box<!fir.array<?x?x!fir.complex<4>>>) -> !fir.ref<!fir.array<?x?x!fir.complex<4>>>
+! CHECK:          fir.call @_QPinternal_call6(%[[VAL_2]]) fastmath<contract> : (!fir.ref<!fir.array<?x?x!fir.complex<4>>>) -> ()
+! CHECK:          hlfir.copy_out %[[VAL_1]]#0, %[[VAL_1]]#1 to %[[VAL_0]]#0 : (!fir.box<!fir.array<?x?x!fir.complex<4>>>, i1, !fir.box<!fir.array<?x?x!fir.complex<4>>>) -> ()
+! CHECK:          return
+! CHECK:        }
+
+subroutine test_optional1(x)
+  real, value, optional :: x(:)
+  if (present(x)) then
+    call internal_call7(x)
+  endif
+end
+! CHECK-LABEL:  func.func @_QPtest_optional1(
+! CHECK-SAME:     %[[ARG0:.*]]: !fir.box<!fir.array<?xf32>> {fir.bindc_name = "x", fir.optional}) {
+! CHECK:          %[[VAL_0:.*]]:2 = hlfir.declare %[[ARG0]] {fortran_attrs = #fir.var_attrs<optional, value>, uniq_name = "_QFtest_optional1Ex"} : (!fir.box<!fir.array<?xf32>>) -> (!fir.box<!fir.array<?xf32>>, !fir.box<!fir.array<?xf32>>)
+! CHECK:          %[[VAL_1:.*]] = fir.is_present %[[VAL_0]]#1 : (!fir.box<!fir.array<?xf32>>) -> i1
+! CHECK:          fir.if %[[VAL_1:.*]] {
+! CHECK:            %[[VAL_2:.*]]:2 = hlfir.copy_in %[[VAL_0]]#0 : (!fir.box<!fir.array<?xf32>>) -> (!fir.box<!fir.array<?xf32>>, i1)
+! CHECK:            %[[VAL_3:.*]] = fir.box_addr %[[VAL_2]]#0 : (!fir.box<!fir.array<?xf32>>) -> !fir.ref<!fir.array<?xf32>>
+! CHECK:            fir.call @_QPinternal_call7(%[[VAL_3]]) fastmath<contract> : (!fir.ref<!fir.array<?xf32>>) -> ()
+! CHECK:            hlfir.copy_out %[[VAL_2]]#0, %[[VAL_2]]#1 to %[[VAL_0]]#0 : (!fir.box<!fir.array<?xf32>>, i1, !fir.box<!fir.array<?xf32>>) -> ()
+! CHECK:          } else {
+! CHECK:          }
+! CHECK:          return
+! CHECK:        }
+
+subroutine test_optional2(x)
+  real, value, optional :: x(:,:)
+  if (present(x)) then
+    call internal_call8(x)
+  endif
+end
+! CHECK-LABEL:  func.func @_QPtest_optional2(
+! CHECK-SAME:     %[[ARG0:.*]]: !fir.box<!fir.array<?x?xf32>> {fir.bindc_name = "x", fir.optional}) {
+! CHECK:          %[[VAL_0:.*]]:2 = hlfir.declare %[[ARG0]] {fortran_attrs = #fir.var_attrs<optional, value>, uniq_name = "_QFtest_optional2Ex"} : (!fir.box<!fir.array<?x?xf32>>) -> (!fir.box<!fir.array<?x?xf32>>, !fir.box<!fir.array<?x?xf32>>)
+! CHECK:          %[[VAL_1:.*]] = fir.is_present %[[VAL_0]]#1 : (!fir.box<!fir.array<?x?xf32>>) -> i1
+! CHECK:          fir.if %[[VAL_1:.*]] {
+! CHECK:            %[[VAL_2:.*]]:2 = hlfir.copy_in %[[VAL_0]]#0 : (!fir.box<!fir.array<?x?xf32>>) -> (!fir.box<!fir.array<?x?xf32>>, i1)
+! CHECK:            %[[VAL_3:.*]] = fir.box_addr %[[VAL_2]]#0 : (!fir.box<!fir.array<?x?xf32>>) -> !fir.ref<!fir.array<?x?xf32>>
+! CHECK:            fir.call @_QPinternal_call8(%[[VAL_3]]) fastmath<contract> : (!fir.ref<!fir.array<?x?xf32>>) -> ()
+! CHECK:            hlfir.copy_out %[[VAL_2]]#0, %[[VAL_2]]#1 to %[[VAL_0]]#0 : (!fir.box<!fir.array<?x?xf32>>, i1, !fir.box<!fir.array<?x?xf32>>) -> ()
+! CHECK:          } else {
+! CHECK:          }
+! CHECK:          return
+! CHECK:        }
+
+subroutine test_optional3(x)
+  real, value, optional :: x(:)
+  if (present(x)) then
+    stop
+  endif
+end
+! CHECK-LABEL:  func.func @_QPtest_optional3(
+! CHECK-SAME:     %[[ARG0:.*]]: !fir.box<!fir.array<?xf32>> {fir.bindc_name = "x", fir.optional}) {
+! CHECK:          %[[VAL_0:.*]]:2 = hlfir.declare %[[ARG0]] {fortran_attrs = #fir.var_attrs<optional, value>, uniq_name = "_QFtest_optional3Ex"} : (!fir.box<!fir.array<?xf32>>) -> (!fir.box<!fir.array<?xf32>>, !fir.box<!fir.array<?xf32>>)
+! CHECK:          %[[VAL_1:.*]] = fir.is_present %[[VAL_0]]#1 : (!fir.box<!fir.array<?xf32>>) -> i1
+! CHECK:          cf.cond_br %[[VAL_1]], ^bb1, ^bb2
+! CHECK:          b1:  // pred: ^bb0
+! CHECK:          %[[C0_I32:.*]] = arith.constant 0 : i32
+! CHECK:          %[[FALSE:.*]] = arith.constant false
+! CHECK:          %[[FALSE_0:.*]] = arith.constant false
+! CHECK:          %[[VAL_2:.*]] = fir.call @_FortranAStopStatement(%[[C0_I32]], %[[FALSE]], %[[FALSE]]_0) fastmath<contract> : (i32, i1, i1) -> none
+! CHECK:          fir.unreachable
+! CHECK:          b2:  // pred: ^bb0
+! CHECK:          return
+! CHECK:        }
\ No newline at end of file