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Customs values of self-adhesive sticker paper in sheets revised

Customs values of self-adhesive sticker paper in sheets revised

KARACHI: The Directorate General of Customs Valuation has revised the customs values of self adhesive sticker paper in sheets through Valuation Ruling No: 1334/2018 under Section 25A of the Customs Act-1969.

According to the details, the customs values of self adhesive sticker paper, were determined under Section 25A of the Customs Act, 1969, vide Valuation Ruling No.568/2013 dated 03-07-2013.

An exercise was initiated to determine the customs values in the light of current international market price trend.

Meetings with stakeholders were held on 31-05-2018, 05-07-2018 and 05-09-2018. The stakeholders were requested to furnish the invoices of imports during last three months showing factual 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 values of supplies (excluding duty and taxes) to substantiate their contentions.

During the course of meeting, the importers submitted that self adhesive sticker paper vary due to brand, origin and specification however, despite lapse of considerable time, they did not submit any evidences in support of their contentions. During the course of meeting, some importers highlighted that some unscrupulous importers declare less weight of reems of sticker paper. the weight of self adhesive paper is calculated as a packet equals 100 sheets weighing 6.2 -6.4 kg and five packets comprise in one reem (500 sheets (31-32 kg)

Valuation methods given in Section 25 of the Customs Act, 1969 were followed to arrive at customs values of selfadhesive sticker paper.