KARACHI: The Directorate General of Customs Valuation has revised the customs value of split air-conditioner.
According to details, customs values of Components for Split Airc-onditioners (Conventional/Inverter type) were determined under Section 25A of the Customs Act, 1969 vide Valuation Ruling No.839/2016 dated 21-04-2016. The Valuation Ruling required revision in line with the prevailing prices in the international market. Therefore this Directorate General initiated an exercise for determination of customs values of Components for Split Air-conditioners (Conventional/Inverter type).
Meetings with stakeholders were held on 03.02.2017 and 09-02-2017. Importers had been requested to furnish the following documents before or during the course of meeting:
Websites, names and E-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained.
Copies of contracts made/LCs opened during the last three months showing the value of item in question.
Copies of Sales Tax Invoices issued during last four months showing a difference in price (excluding duty and taxes) to substantiate that the benefit of difference in price is passed on to the local buyers.
No documents were submitted in this Directorate General on or even before the said
scheduled meetings. During the course of the meeting, the stakeholders claimed that the values of Components for Split Air Conditioners (Conventional/Inverter type) of China origin have actually reduced in the international market as compared to the values determined in the existing valuation ruling, therefore, the values needed downward revision. They were requested to submit import invoices, sales tax invoices, literature, evidences and other relevant requisite import documents in support of their contentions. They did not provide any document or evidence to substantiate their contentions.
