KARACHI: Directorate General of Customs Valuation has restarted the exercise of developing database for the values of importable goods after a short gap.
The directorate had initiated an exercise to develop database values for about 2000-3000 different items which are not commensurate with international price trends.
An exercise was initiated to develop database values for different items wherein it has been observed that declarations are wide range and do not correctly reflect values of the items as traded in international market.
Federal Board of Revenue Chairman Nisar Muhammad Khan tasked Customs Valuation Director General Tanveer Ahamd to develop database values of importable goods, so that under-invoicing could be eliminated.
Tanveer Ahmed has efficiently initiated the exercise and formed a team comprising four high-profile appraising officers Farhan Mehdi, Noor Alam Durrani, Aurung Ali Shah and Raja Muhammad Aslam. The team is headed by Syed Tanveer while Additional Collector Imran Sajjad Bukhari and Deputy Collector Rizwan Bashir are supervising the team.
During the scrutiny of previous clearance of data, it was observed that hot fix sheet with glass chatons falling under PCT 7018.1000 is being assessed at different values and certain transactions are on very low side.
