KARACHI: The Directorate General of Customs Valuation has revised the customs value of aluminium utensils through Valuation Ruling No 1201/2017 under Section 25-A of the Customs Act, 1969.
Earlier this Directorate General issued a Valuation Ruling No. 1060/2017 dated 01-03-2017 of aluminum utensils under Section 25-A of the Customs Act 1969. Being aggrieved with the values determined vide above valuation ruling, some importers filed revision petition before the Director General under Section 25D of the Customs Act, 1969.
After hearing the petitioners an Order in Revision No 341/2017 dated: 18.05.2007 was issued by the Director General of Customs Valuation Karachi under section 25-D of the Customs act. The case was remanded back to the Director of Customs valuation Karachi to conduct afresh investigations and issue a fresh valuation ruling for Chinese origin aluminum non- stick kitchen ware with or without Lid so that the value reflects properly the weight of the glass lid.
Accordingly, the Directorate General investigated and issued for glass lid separately vide valuation ruling No. 1198/2017 dated: 08.08.2017. Therefore this Directorate General initiated an exercise afresh for determination of custom values of Chinese origin aluminum non-stick kitchen ware with or without lids under section 25- A of the Customs Act 1969.
Stakeholders’ participation in determination of customs values: A meeting was scheduled on 01-06-2017 importers attended the said meeting. All the stakeholders were requested documents so that correct customs values could be determined 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 difference in price (excluding duty and taxes) to substantiate that the benefit of difference in price is passed on to the local buyers.
During the meeting the importers were of the view that aluminum utensils with or without s lid cannot be equated as the individual utensil without glass lid is more expensive.