KARACHI: Customs Valuation Headquarters Deputy Director Rizwan Bashir Kalair has issued the reference values for methionine (feed grade).
The directorate general has initiated an exercise 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 traded in the international market.
During the scrutiny of previous clearance data, it has been observed that METHIONINE (feed grade) falling under PCT Headings 2930.4000 is being assessed at different values and certain transactions are on very low side.
This directorate general, after carefully examining the clearance data, also conducted market inquiries to verify the authenticity of declarations. Online prices were also obtained to corroborate the findings of the market surveys. The reference value of methionine (feed grade) of all origin is fixed at $3 per kilogramme.
These values are, however, for reference/guidance only and final assessment may please be made after considering other factors which have bearing on the customs value.
The clearance collectorates may like to consider the values given above before finalizing, the assessment of the subject items. If further fine-tuning in specifications and ensuing values are required, Collectorate may forward a reference along with detailed justifications and worksheets so the requisite adjustments are accordingly issued.
