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Customs valuation issues reference value of PU soles

Customs valuation issues reference value of PU soles

KARACHI: Directorate General of Customs Valuation has issued reference values for PU soles.

The directorate general has initiated an exercise to develop database values for different items whereas it has been observed that declarations are of wide range and do not correctly reflect values of the items as traded in the international market.

During the scrutiny of previous clearance data, it has been observed that PU Soles for Shoes falling under PCT heading 6406.2090 are being assessed at different values and certain transactions are on very low side. The directorate general, after carefully examining the clearance data, also conducted market inquiries to verify the authenticity of declarations. Online prices were also obtained to corroborate the findings of the market surveys. The office, therefore, has found that the customs values of PU soles is $1.95/kg

These values are, however, for reference/guidance only and final assessment may please be made after considering other factors which have bearing on the customs value.

The clearance Collectorates may like to consider the values given above before finalizing the assessment of the subject items. If further fine-tuning in specifications and ensuing values are required, Colleetorate may forward a reference along with detailed justifications and worksheets so that requisite adjustments are accordingly issued.