KARACHI: The Directorate General of Customs Valuation has revised the customs values of UPVC, CPVC, PPRC pipes and pipe fittings through Valuation Ruling No 1001/2016 under Section 25-A of the Customs Act, 1969.
The customs values of UPVC, CPVC, PPRC pipes and pipe fittings were earlier determined vide Valuation Ruling No.369/2011 issued on August 20, 2011. Representations were received from commercial importers for determination of customs value of UPVC, CPVC, PPRC pipes and pipe fittings afresh.
Hence, the existing valuation ruling, which is over five year old, is required to be revised in the light of the Sindh High Court decision in a constitutional petition no. D6918/2015. Since 90 days have passed and representations were received from commercial importers regarding the values determined in afore mentioned valuation ruling, an exercise was initiated to re-determine the values of UPVC, CPVC, PPRC pipes and pipe fittings.
Two meetings of the stakeholders, including importers, local manufacturers and representatives from clearance Collectorates, were held – one on August 22, 2016 and another on December 27 — to discuss the current prices of the subject items in the international market.
The viewpoint of all participants was heard in detail and considered to arrive at Customs values of UPVC, CPVC, PPRC Pipes and pipe Fittings.
Valuation methods provided in Section 25 of the Customs Act, 1969 were duly applied in their regular sequential order to address the particular valuation issue at hand. The transaction value method as provided in Sub-Section (1) of Section 25, found inapplicable in light of the wide variety of invoices submitted at import stage the veracity of which could not be ascertained fully, hence requisite information required under law was not available to arrive at the correct transaction value.
