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Home / Karachi / DG Valuation decides to revise VR No. 762/2015 soon
DG Valuation decides to revise VR No. 762/2015 soon

DG Valuation decides to revise VR No. 762/2015 soon

KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Rulings No 762/2015, it is learnt here.

According to the details, Surriya Butt has said that the department is reviewing suggestions from importers to set new prices. She further said that some valuations, which were issued in 2014 and 2015, were being reviewed from the beginning. Moreover, the valuations will be set in view of rising prices in international markets.

Sources told Customs Today that a petition was submitted by the importers to Customs Valuation in which change in prices of second hand clothing, shoes and used leather bags, used toys and kitchen ware was requested. Sources said that Valuation Ruling No. 762/2015 was issued on September 18, 2015.

A meeting was held with the stakeholders on 12th September 2017. 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.

It is necessary to mention here that Director General Customs Valuation Surriya Ahmed Butt are calling continue meetings to different importers for revised Vrs on the request of importers.