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DG Valuation Surriya Butt to revise VR No 741/2015 soon

DG Valuation Surriya Butt to revise VR No 741/2015 soon

KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Rulings No 741/2015, it is learnt.

According to the details, Surriya Butt has said that the department is reviewing suggestions from importers to set new prices. She further said some valuations, which were issued in 2015, were being over viewed from the beginning. Moreover, the valuations will be set in view of rising prices in international markets.

Sources told Customs Today that a petition was submitted by the importers to Customs Valuation in which change in prices of component of infusion giving set conventional inventors, was requested. Sources said that Valuation Ruling No. 741/2015 of infusion giving set was issued on June 3, 2015.

A meeting was held with the stakeholders on 16th August, 2017. Importers were told to furnish the import invoices of the last three months showing factual values as well as websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value could be ascertained.