KARACHI: The Directorate General of Customs Valuation has revised the customs values of Linear Alkyl Benzene Sulphonic Acid (soft & hard type) Valuation Ruling No: 1304/2018 under Section 25A of the Customs Act-1969.
Earlier the customs values of Linear Alkyl Benzene Sulphonic Acid (soft & hard type) were determined vide Valuation Ruling No. 999/2016 dated 22.12.2016, which were later revised vide Order-in-Revision No.283/2016 dated 02-01-2017.
As the ruling was old and prices in international market have appreciated therefore, it was decided to take up the issue determination of customs values of the subject item.
Meeting stakeholders including importers, representatives from Pakistan Chemicals and yes Merchants Association (PCDMA) and representatives from field formations was held on 24-04-2017, to discuss the prices of the subject goods.
The importers / stakeholders had been requested to submit the documents before or during the course of stakeholders meeting so that customs values could be determined: i. Invoices of imports during last three months showing customs value.
Websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained. Copies of contracts made / LCs opened during the last three months showing the value of item in question.
Copies of sales tax Invoices issued during last four months showing the difference in price (excluding duty and taxes) to substantiate their contentions.
During the meeting the stakeholders stated that although the value of the subject item has slightly increased in the international market, however, they requested that the values determined vide the existing valuation ruling may be maintained. The view point of all participants was heard in detail and considered to arrive at Customs values of the subject goods.