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Surriya poised to revise Valuation Ruling No: 800/2016 on May 2

Surriya poised to revise Valuation Ruling No: 800/2016 on May 2

KARACHI: The Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 800/2016 on 2nd of May 2018, it is learnt.

Surriya Butt said the department is reviewing suggestions from various importers to set the new prices of Sodium Lauryl ether sulphate and sodium Lauryl Sulphate. She said some valuations, which were issued in 2016, are being assessed from the beginning.

Moreover, the valuations will be set in view of the rising prices in the international market. Sources told Customs Today that a petition was filed with the Customs Valuation in which change in prices of Sodium Lauryl ether sulphate and sodium Lauryl Sulphate was requested.

Sources further told CT that Valuation Ruling No: 800/2016 was issued on 2nd of January 2016. A meeting was held with the stakeholders on 19th of March 2018.

Importers have been advised to furnish the import invoices of the past 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 can be ascertained.