KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Ruling No: 876/2016 on March 19, 2018, it is learnt.
According to the details, Surriya Butt has said that the department was reviewing suggestions from various importers to set new prices of pet/holographic and pet sequin flim. She said that some valuations, which were issued in 2016, were being reviewed from the beginning.
Moreover, the valuations will be set in view of rising prices in the international market. Sources told that a petition was submitted before the Customs Valuation in which change in prices of pet/holographic and pet sequin flim was requested.
Sources said that Valuation Ruling No: 876/2016 was issued on June 23, 2016. A meeting was held with the stakeholders on 19 January 2018.
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.