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DG Valuation revises customs value of bath room accessories

DG Valuation revises customs value of bath room accessories

KARACHI: The Directorate General of Customs Valuation revised the customs value of bath room accessories low-end brands through Valuation Ruling No 1137/2017 under Section 25A of the Customs Act, 1969.

According to details, the customs values of bath room accessories were earlier determined vide V DB No.103/2016 dated, 29-1 1-20 16 and 175/2017 dated 03-02-2017. Representations were received from commercial importers, for determination of customs value of bath room accessories low-end brands afresh.

Meetings with all the stakeholders including importers and representatives from clearance Collectorate were held on 06-0 3¬2017 and 06-04-2017 to discuss the current international prices of the subject item, but no one appeared. It reflects that the stakeholders have nothing to confront the customs values as reference values determined vide VDB No.103/2016, dated 29-11-2016.

However, the matter of valuation of bathroom accessories, low end brands, is taken on its merits for decision.

Valuation methods provided in Section 25 of the Customs Act !969 were duly applied in their regular sequential order to address the particular valuation issue at hand. The transaction value method as provided in Sub-Section (1) of Section 25 found inapplicable in light of the wide variety of invoices submitted at import stage the veracity of which could not be ascertained fully, hence requisite information required under law was not available to arrive at the correct transaction value. Identical / similar goods value method provided vide Sub-Sections (5) & (6) of Section 25 ibid were examined for applicability to determine Customs value of subject goods.

However, it was found that the determination of Customs value could not be based solely upon this method either.