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Customs values of submersible pump with motor (plastic body) upto 100 watt revised

Customs values of submersible pump with motor (plastic body) upto 100 watt revised

KARACHI: The Directorate General of Customs Valuation revised the customs values of submersible pump with motor (plastic body) up to 100 watt through Valuation Ruling No: 1324/2018 under Section 25A of the Customs Act-1969.

According to the details, it has been brought to notice of this Directorate General that submersible pump with motor (plastic body) up to 100 watt are being imported and assessed at considerably lower values. Therefore, an exercise was initiated to determine the customs values of submersible pump with motor plastic body under Section 25A of Customs Act, 1969.

Meetings were held with the stakeholders on 21.03.2018 and 01.08.2018 and 04.09.2018.Meetings were attended by different stakeholders including importers, officers from clearance Collectorates and representatives from trade bodies.  All stakeholders had been requested to submit 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.

Stakeholders pointed out that these small plastic body submersible pumps with motors weighing less than 400 grams are mainly used in aquarium, water tanks and water coolers and untended that these pumps are very cheap and available at very low prices in China. They were requested to furnish documents as requisitioned in the meetings’ notices.

Valuation methods given in Section 25 of the Customs Act, 1969 were applied sequentially to address the valuation issue at hand. Transaction Value Method under Sub-Section (1) of Section 25 of the Act ibid was found inapplicable because the requisite information under the law was not provided by the importers. Identical and Similar Goods valuation methods provided in Sub-Sections (5) and (6) of Section 25 of the Customs Act, 1969 provided some reference values but due to wide variations in the declarations the same could not be relied upon exclusively. In the sequential order this office conducted market inquiries in terms of Sub-Section (7) of Section 25 of the Customs Act, 1969.

Input and feedback by the participants during the stakeholders’ meetings were also considered. Online information was also obtained. All the information so gathered was analyzed and evaluated. Keeping all the above in view, customs values of submersible pump with motor (plastic body) up to 100 watt are determined under Sub-Section (7) of Section 25 of the Customs Act, 1969.