KARACHI: Directorate-General of Customs Valuation has determined the customs values of chocolate spread through Valuation Ruling No. 1361-2019.
It was brought to the notice of the Directorate that the values of various brands of Chocolate Spread are being declared to Customs at much lower prices than their current international values.
Verification by the department affirmed this stance. Keeping in view the prevailing prices of the subject item, Directorate General of Customs Valuation initiated an exercise for the determination of customs values of various brands of chocolate spread.
During the meetings, it was pointed out by some of the stakeholders that Chocolate Spread is not only under-invoiced but also being declared in a wrong PCT; whereas it’s actual PCT is 1806.9000. They requested to issue Valuation Ruling in the light of prevailing international and local market prices for uniformity of assessment.
Some importers of chocolate spread however, stated that their declared value is fair and may be accepted for transactional value. However, they did not produce substantial supporting documents in support of their contentions. The view point of all participants was heard in detail and considered to arrive at Customs Value of the subject goods.
The customs values of Chocolate Spread of brands including Nutella, Hershey’s, Maltesers and Galaxy under PCT 1806.9000 of all origins are fixed at $3.15/KG.
The customs values of Chocolate Spread of brands including Cebe Nussa, Cadbury Crunchy, Tesco, Nutcity, Apella, Bital and Orbital under PCT 1806.9000 of all origins are fixed at $2.5/KG.
The customs values of Chocolate Spread of all other brands under PCT 1806.9000 of all origins are fixed at $2.6/KG.