KARACHI: The Directorate General of Customs Valuation has determined the customs values of melamine powder (99.8%) from all origins vide Valuation Ruling No 699/2014 No Misc/19/2014-11/7805 dated November 17, 2014.
The directorate initiated the exercise to determine the customs value of melamine powder (99.8%) after receiving a reference No SI/Misc/105/2014-II dated August 27, 2014 from Model Customs Collectorate of Appraisement-West along with a letter of Pakistan Chemicals and Dyes Merchants Association was also enclosed. The letter from the Association requested for the valuation of Melamine Powder (99.8%) under Section 25A of the Customs Act, 1969.
Valuation methods given in Section 25 of the Customs Act, 1969 were applied sequentially to address the valuation issue at hand. The Transaction value method provided in Sub-Section (1) of Section 25 of the Act was found inapplicable because required information under the law was not available. Identical and Similar Goods valuation methods provided in Sub-Sections (5) and (6) of Section 25 of the Act provided some reference values but due to wide variations and suppressed declarations the same could not be relied upon. In the sequential order the Directorate then resorted to conduct a market inquiry in terms of Sub-Section (7) of Section 25 of the Act. Sub-Section (9) of Section 25 was however, applied to arrive at assessable Customs values.
A meeting was held with the stakeholders on November 13 and written contentions forwarded by them were scrutinized.
Finally, the Directorate General of Valuation determined that the Customs values of Melamine Powder (99.8%) from All Origins having PCT Code 2933.6100 and Proposed PCT for WeBOC of 2933.6100.1000 shall be assessed for duty/taxes at Customs Values (C&F) at $1.025 per kg.
In cases where the declared/transaction values are higher than the customs values determined in this ruling, the assessing officers shall apply those values in terms of Sub-Section (1) of Section 25 of the Customs Act. And in cases of consignments imported by air, the assessing officer shall take into account the differential between air freight and sea freight while applying the Customs values determined in this ruling.