KARACHI: The Directorate General of Customs Valuation has revised the customs value of electric heaters through Valuation Ruling No 998/2016 under Section 25-A of the Customs Act, 1969.
According to details, it was brought to the notice of this Directorate General that electric heaters were being imported at under-invoiced values. The Directorate General under took exercise to determine the customs values of electric heaters imported from China in the light of existing international market prices. Therefore, this Directorate General initiated an exercise for determination of customs values of Electric Heaters. Meetings with stakeholders were during which the importers had been requested to furnish Iivoices of imports during last three months showing factual value and websites, names and E-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained.
No documents were submitted in this Directorate General on or even before the said scheduled meetings. The meetings were attended by the importers and the officers from field formations.
During the meeting, the importers were of the view that the values of electric heaters of China origin are very low and that Department’s perception is not correct. They contended that with the passage of time the prices have come down. They were requested to submit import invoices, sales tax invoices, literature, evidences and other relevant documents in support of their contentions. In spite of lapse of considerable time, no evidence or documents were submitted. The importers during the meeting, requested that the Electric Room Heaters and Fan Heaters are mostly being sold in Punjab and KPK, therefore, market inquiry shall be conducted from Punjab and K.P.K or from the Karachi markets where these goods are being traded.
