KARACHI: Directorate General of Customs Valuation has issued the reference values for sorbitol powder/solution
This Directorate General has initiated an exercise to develop database values for different items wherein it has been observed that declarations are of wide range and do not correctly reflect values of the items as traded in the international market.
During the scrutiny of previous clearance data, it has been observed that sorbitol powder/solution 70% falling under PCT headings 3824.6000 are being assessed at different values and certain transactions are on very low side.
According to details, Directorate General Valuation, 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 Directorate General, therefore, has found that the customs values of sorbitol powder/solution 70% are sorbitol powder 70% food grade China Indonesia US$ 1.50/kg, Europe US$ 2.64/kg, sorbitol solution non Crystalline grade India US$ 0.65/kg.
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 values are required, Collectorate may forward a reference along with detailed justifications worksheets so that requisite adjustments are accordingly issued.
