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DG Surriya to revise Valuation Ruling No: 756/2015 on 18th

DG Surriya to revise Valuation Ruling No: 756/2015 on 18th

KARACHI: Director General, Customs Valuation, Surriya Ahmed Butt, has decided to revise the Valuation Ruling No: 756/2015 on January 18, 2018, it is learnt.

Director General Surriya Butt has said the department was reviewing suggestions from various importers to set the new prices of Electrolytic Tin Plate (ETP) and Tin Free Sheets (TFS). She said some valuations, issued in 2015, were being reviewed from the beginning.

Moreover, the valuations will be set in view of the rising prices in the international market. Sources told CT that a petition was submitted by the importers to Customs Valuation in which change in prices of Electrolytic Tin Plate (ETP) and Tin Free Sheets (TFS) was requested.

Sources further told CT that Valuation Ruling No: 756/2015 was issued on September 1, 2015. A meeting was held with the stakeholders on 1st of January 2018.

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.

Source said nowadays Director General Surriya Ahmed Butt is continuing meetings with importers as a number of applications have been submitted from importers to change the prices of import items.