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DG Valuation Surriya directs to review VR No 748/2015

DG Valuation Surriya directs to review VR No 748/2015

KARACHI: Customs Valuation Director General Surriya Ahmed Butt asked Director Valuation Iqbal Muneeb to review the Valuation Ruling No. 748/2015 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 Zami Fabrics agitated against Valuation Ruling No.748/2015 that the department has not made the working/calculations properly while notifying the customs values of the Viscose Fabrics.

They also agitated against the price parity maintained between the Viscose Fabrics from various regions. The departmental representatives explained the valuation methodologies adopted by them to arrive at the customs values determined vide the impugned ruling.

After detailed deliberation of the case, Director General Surriya Ahmed Butt advised Director Customs Valuation Iqbal Muneeb to revisit the Valuation Ruling No.748/ 2015 for removing the deficiencies.