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Surriya to revise Valuation Ruling No: 844/2016 on February 2

Surriya to revise Valuation Ruling No: 844/2016 on February 2

KARACHI: Director General, Customs Valuation, Surriya Ahmed Butt, has decided to revise the Valuation Ruling No: 844/2016 on February 2, 2018, it is learnt.

Director General Surriya Butt has said the department was reviewing suggestions from importers to set new prices of plastic baby feeders. She said some valuations, issued in 2016, were being reviewed from the beginning.

Moreover, valuations will be set in view of rising prices in the international markets. Sources said a petition was submitted by the importers to Customs Valuation in which change in prices of plastic baby feeders was requested.

Sources said Valuation Ruling No: 844/2016 was issued on May 3, 2016. A meeting was held with the stakeholders on December 29, 2017.

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.