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DG Valuation Surriya Butt to revise VR No 746/2015 on February 19

DG Valuation Surriya Butt to revise VR No 746/2015 on February 19

 

KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Ruling No: 746/2015 on February 19, 2018, it is learnt.

Talking with Customs Today Surriya Butt has said that the department was reviewing suggestions from various importers to set new prices of press fasteners snap fasteners, press studs and parts. She said that some valuations, which were issued in 2015, 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  prices Press fasteners Snap Fasteners, Press studs and parts  was requested.

Sources said that Valuation Ruling No: 746/2015 was issued on June 12, 2015. A meeting was held with the stakeholders on 5 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.

Source said in this current month more than 6 meetings will be held from Importers and possible that some data base also be revised in this month.