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DG Valuation revises customs values of UPVC, CPVC, PPRC & Pipe Fittings

DG Valuation revises customs values of UPVC, CPVC, PPRC & Pipe Fittings

KARACHI: The Directorate General of Customs Valuation has revised the customs values of UPVC, CPVC, PPRC Pipes and Pipe Fittings Valuation Ruling No: 1259/2018 under Section 25A of the Customs Act-1969.

Earlier the Customs values of UPVC, CPVC, C Pipes and Pipe Fittings were determined vide Valuation Ruling No. 1001/16 dated 2.2016. This Valuation Ruling along with Revision Order 349/2017 dated May 31, 2017 were set aside by the Customs Appellate Tribunal vide order No. K-695-698/2017 dated 15-9-2017. A reference against the said order has already been filed in Honorable High Court.

There were numerous representations from importers and local manufacturers for determination of customs value of subject items afresh on the basis of plastic raw material prices published by the Pakistan Plastic Manufacturers Association as well as imports data.

M/s All Pakistan PVC & Plastic Pipe Manufacturers Association has also submitted their proposals vide letter dated 21-03-2017. Keeping in view the above factors in view this Directorate General initiated an exercise for determination of the Customs values of the subject items in terms of Section 25-A of the Customs Act, 1969 to the align the values according to prevailing prices of the subject items in the international market.