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DG Valuation customs value of pencils, ball points, pens

DG Valuation customs value of pencils, ball points, pens

KARACHI: The Directorate General of Customs Valuation has revised the customs value of pencils/ball points/pens of all sorts Valuation Ruling No 1182/2017 under Section 25-A of the Customs Act, 1969.

Customs Values of Stationery Items were earlier determined vide Valuation Ruling No.961/2016, dated 11-11-2016. The customs values of some items were revised by the Director General of Customs Valuation vide Order-in-Revision No. 275/2016, dated 20-12-2016.

Many importers filed appeals under Section 194-A of the Customs Act, 1969, against the Order-in-Revision, before the honorable Customs Appellate Tribunal, Karachi.

The Tribunal set aside the Order-in-Revision vide order dated 21-01-2017. Meanwhile, some importers approached this Directorate General with the request for provisional clearances under Section 81 of the Customs Act, 1969, in the light of High Court of Sindh, Karachi’s judgment in C.P.No.6918/2015, dated 14-11-2015, read with Supreme Court of Pakistan’s order, dated 04-08-2016. As the previous Valuation Ruling needed revision in the light of above situation, an exercise was initiated to determine the customs values of Stationery Items, with a view to reflect the current prices prevailing in the international market.

Meetings with stakeholders were held on 18-5-2017 and 25-5-2017. The stakeholders were requested to bring following documents to make the meeting fruitful.

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 slue of item in question.