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Director General Valuation to revise VR No 756/2015 on January 18

Director General Valuation to revise VR No 756/2015 on January 18

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

According to the details, Surriya Butt has said that the department was reviewing suggestions from various importers to set new prices of electrolytic tin plate and tin free sheets. She said that some valuations, which were issued in 2015, were being reviewed from the beginning.

Moreover, the valuations will be set in view of rising prices in the international market. Sources told that a petition was submitted before the Customs Valuation in which change in prices of electrolytic tin plate and tin free sheets  was requested.

Sources said that Valuation Ruling No: 756/2015 was issued on September 1, 2015. A meeting was held with the stakeholders on 1st 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 now a day’s Director General Surriya Ahmed Butt are continue meetings from importers, because a number of application have submitted from Importers to change the prices of import items