KARACHI: The Directorate General of Customs Valuation has revised the customs values of ladies handbags, shoulder bags, purses and clutches (Low-end brands) made of artificial leather Valuation Ruling No 1196/2017 under Section 25A of the Customs Act-1969.
A reference was received from Model Customs Collectorate (Appraisement) Lahore vide letter C. No. V-Cus/Misc/G-II/02/2017/Pt/1119 dated 28.03.2017 for determination of customs value of ladies handbags, shoulder bags, purses and clutches (Low-end brands) made of artificial leather under Section 25-A of Customs Act-1969.
It was deemed expedient to visit the values so as to ensure that the customs values are in line with the prevalent prices in the international market. Hence, an exercise was undertaken to determine the customs values of subject goods under Section 25A of the Customs Act-1969.
Stakeholder’s participation in determination of customs values: Stakeholders’ meetings were scheduled/held on 26.04.2017, 10.05.2017 and 27.07.2017. The meeting on 27.07.2017 was attended by the importers as well as representatives of clearance collectorate. All participants were requested to submit the following documents:
- Invoices of imports during last three months showing factual value. ii. Websites, names and E-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained. iii. Copies of Contracts made/LCs opened during the last three months showing the value of item in question. iv. Copies of Sales Tax Invoices issued during last three months showing the difference in price (excluding duty and taxes) to substantiate that the benefit of difference in price is passed on to the local buyers.
The meetings were attended by importers. The requisitioned documents were not submitted by the participants.