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DG Valuation Surriya Butt decides to reschedule database from next month

DG Valuation Surriya Butt decides to reschedule database from next month

KARACHI: The Directorate General, Customs Valuation, Director General Surriya Ahmed Butt DG Valuation Surriya Butt decides to reschedule database from next month. On the other hand, she is also going to revise the Valuation Rulings No: 746/2015 and 747/2015 on August 30, 2017, it is learnt.

Sources told Customs Today that an application was submitted by the importers to Customs Valuation in which change in prices of press-fasteners, snap fasteners, press studs and parts was requested.

Sources said that Valuation Ruling No. 476/2015 press-fasteners, snap fasteners, press studs and parts issued on 12th of June 2015.  A meeting was held with the stakeholders on 16 August, 2017. Importers were told to furnish the import invoices of the last three months showing factual values as well as websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value could be ascertained.

Valuation Ruling No: 747/2015 un finished, un dyed polyester (grey) fabrics was issued on 15th of June 2015. A meeting was held with stakeholders on 16 August 2017. Importers were told to furnish the import invoices of the last three months showing factual values as well. The copies of contracts were made/LCs opened during the last three months showing the value of item in question and copies of sales tax invoices issued during the last four months showing the difference in price (excluding duty and taxes) to substantiate that the benefit of difference in price is passed on to the local buyers.

During a meeting, the importers were of the view that everyday technologies are being upgraded in electronics and its new versions are arriving in the market.