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DG Valuation Suraiya Butt directs to revise VR No. 1095/2017

DG Valuation Suraiya Butt directs to revise VR No. 1095/2017

KARACHI: Directorate of Customs Valuation Director General Suraiya Ahmed Butt has advised Valuation Director Iqbal Muneeb to revisit the Valuation Ruling No. 1094/2017 for removing deficiencies in accordance with law and also taking on board the regular major importers as well as the representatives of Federation of Pakistan Chamber of Commerce & Industries (FPCCI) and Karachi Chamber of Commerce & Industries (KCCI).

According to the details, M/s Shamim Associate agitated against Valuation Ruling No.1094/2017 that the department has not made the working/calculations properly while notifying the customs values of the virtual reality glass (low ends brands). They also agitated against the price parity maintained between the virtual reality glass (low ends brands) from various regions.

The departmental representatives explained the valuation methodologies adopted by them to access the customs values determined vide the impugned ruling.

After detailed deliberation of the case, Director General Suraiya Ahmed Butt advised Director Customs Valuation Iqbal Muneeb to revisit the Valuation Ruling No. 1094/2017 for removing the deficiencies.