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DG Valuation revises customs values of self-adhesive sticker paper

DG Valuation revises customs values of self-adhesive sticker paper

KARACHI: The Directorate General of Customs Valuation has revised the customs values of self-adhesive sticker paper through Valuation Ruling No: 1335/2018 under Section 25A of the Customs Act-1969.

According to the details, it was brought to the notice of this Directorate General that self-adhesive sticker paper (thermal/ thermal transfer) in jumbo or mini roll is being assessed at lower values therefore an exercise was initiated to determine the customs values in the light of current international market price trend.

Meetings with stakeholders were held on 31-05-2018, 05-07-2018 and 05-09-2018. The stakeholders were requested to furnish invoices of imports during last three months showing factual 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 values of supplies (excluding duty and taxes) to substantiate their contentions.

During the course of meeting, the importers admitted that certain importers are mis-declaring values of that self-adhesive sticker paper (thermal/ thermal transfer) in jumbo or mini roll.

Valuation methods given in Section 25 of the Customs Act, 1969 were followed to arrive at customs values of self adhesive sticker paper (thermal/ thermal transfer) in jumbo or mini roll.

Transaction value method provided in Section 25 (1) was found inapplicable because the requisite information was not available. Identical / similar goods value methods provided in Section 25(5) & (6) were examined for applicability to the valuation issue in the instant case which provided some reference values of the subject goods but the same could not be exclusively relied on.

Thereafter, market inquiries as envisaged under section 25(7) of the Customs Act, 1969, were conducted which gave values for most of the self adhesive sticker paper (thermal/ thermal transfer) in jumbo or mini roll bought and sold in the local market.