KARACHI: The Directorate General of Customs Valuation has determined the customs values of EVA Sheet vide Valuation Ruling No 761/2015. The customs values of EVA sheet were determined under Section 25-A of the Customs Act, 1969.
According to details, a reference was received from MCC Appraisement East Karachi that EVA sheet is being declared substantially under-invoiced values and that declarations are even lower than the cost of raw materials. Therefore, an exercise to determine customs values of EVA sheet under Section 25-A of the Customs Act, 1969 was initiated.
As per the Valuation Ruling, EVA Sheet (black or dark-grey color) imported from China would be assessed to C and F at $1.20 and EVA sheet (white color) imported from China would be assessed to C and F at $1.60. In cases where declared/transaction values are higher than the Customs values determined in this Ruling, the assessing officer shall apply those values in terms of Sub Section (1) of Section 25 of the Customs Act, 1969.
In case 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.
