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DG Valuation revises customs values of PVC flexible sheets & cling film

DG Valuation revises customs values of PVC flexible sheets & cling film

KARACHI: The Directorate General of Customs Valuation has revised the customs values of   PVC transparent/clear and printed flexible sheets and PVC cling film Valuation Ruling No: 1317/2018 under Section 25-A of the Customs Act-1969.

Earlier the customs values of PVC transparent/clear and printed flexible sheets and PVC cling film were determined vide Valuation Ruling No. 1028/2017 dated 02.02.2017. There were several representations from importers, wherein they contended that customs values determined in the existing Valuation Ruling are not reflective of prices in international markets, therefore required to be revised in line with the prevailing prices in the international market.

Keeping in view the prevailing prices in the international markets this Directorate General initiated an exercise for e-determination of the Customs Values of the PVC transparent/clear and printed sheets and PVC Cling film in terms of Section 25-A of the Customs Act,

Meeting with stakeholders including importers and representatives from field formations was held on 14-05-2018 and 01-08-2018 to discuss—the prices of the subject goods. The importers / stakeholders had been requested to submit invoices of imports during last three months showing customs value.

Websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained. Copies of contracts made / LCs opened during the last three months showing the value of item in question. Copies of sales tax invoices issued during last four months showing the difference in price (excluding duty and taxes) to substantiate their contentions.