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DG Valuation Surriya revises Valuation Ruling No 1241/2017

DG Valuation Surriya revises Valuation Ruling No 1241/2017

KARACHI: The Directorate General of Customs Valuation has revised the customs value of porcelain ware / glass ware Valuation Ruling No 1241/2017 under Section 25A of the Customs Act, 1969.

According to the details, the Customs values of porcelain ware / glass ware were determined under section 25A of the Customs Act, 1969 vide Valuation Ruling No. 1088/2017 dated 17-03-2017. The said valuation ruling was set aside by Customs Appellate Tribunal vide order dated 24-08-2017 in various appeals. The department has filed reference before the Honorable High Court of Sindh against the order of the Customs Appellate Tribunal. A number of representations were received to determine the customs value of porcelain ware / glass ware afresh keeping in the international market trends. An exercise was initiated with a view to determine the customs values of the subject goods afresh under Section 25A of the Customs Act, 1969 in terms of prevailing international prices.

Stakeholders’ participation in determination of Customs values: Meetings were held on 28-09-2017 and 31.10.2017 with the stakeholders. During the meetings, the importers were of the opinion that values as determined in the earlier valuation ruling were very high and did not commensurate with trading prices. They further contended that prices of porcelain ware / glass ware have been reduced in international market due to advancement in technology and cost cutting done by Chinese manufacturers in raw material etc. The manufacturers of glass wares contented that the customs values determined vide Valuation Ruling No.1088/2017 dated 17-03-2017 were too low and the values must be enhanced substantially.

All the stakeholders were requested to submit 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 values of supplies (excluding duty and taxes) to substantiate their contentions.