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DG Valuation revises customs values of suitcases

DG Valuation revises customs values of suitcases

KARACHI: The Directorate General of Customs Valuation revised the customs values of suitcases (soft & hard) of low-end brands thrugh  Valuation Ruling No: 1341/2018 under Section 25A of the Customs Act-1969.

According to the details, the customs values of suitcases (soft & hard) of low-end brands were determined vide Valuation Ruling No. 915/2016 dated 25-08-2016. Since the valuation ruling was more than two years old and representations were received to Directorate General to determine the values afresh in terms of current international pricing. Therefore an exercise was initiated under section 25A of the Customs Act, 1969 to determine the customs value a fresh.

Stakeholders’ meeting was scheduled on 07.02.2018 & 11.09.2018. The stakeholders were requested to bring 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.

Valuation methods given in Section 25 of the Customs Act, 1969 were followed to arrive at customs values of suitcases (soft & hard) of low end brands. Transaction value method provided in Section 25 (1) was found inapplicable owing to wide variation in the values being declared to the customs and incomplete descriptions. Identical / similar goods values 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 subject goods but the same could not exclusively relied on due to wide variation in declared values of subject goods.