KARACHI: The Directorate General of Customs Valuation has revised the customs value of Tubular Metal Needle in bulk, disposable surgical metal needles (sterilized) and disposable veterinary metal needles (sterilized) through Valuation Ruling No 1011/2017 under Section 25A of the Customs Act, 1969.
The customs values of Tubular Metal Needles were determined vide Valuation Ruling No.900/2016, dated 04-08-2016. Certain importers filed a Revision Petition before the Director General of Customs Valuation, Karachi under Section 25D of the Customs Act, 1969, which has been disposed of vide Order-in-Revision No.286/2016 (DG(V )Val . Rev/979/2016/41 ), dated 09-01-2017, and the issue was remanded back for reconsideration of customs values after providing opportunity of presentation to stakeholders. Therefore, this Directorate General initiated an exercise for determination of customs value for the subject goods.
The representatives of manufacturers and importers attended the meeting. The importers claimed that the determined customs values were on higher side whereas as per their claim there was a downward trend in prices in the international market. They also requested that a new category of Tubular Metal Needles with Hub/Cap and without blister packing may be added as currently the same is not available and they are facing problems during clearance. One local manufacturer, who imports unsterilized tubular metal needles without hub, cap and blister packing contended that customs values of the subject item have been determined at much lower value and the same may be enhanced according to his declarations. His claim was vociferously contested by other manufacturers and importers. As for as tubular metal needle for veterinary use is concerned, all present agreed to marginally increase it value.
Directorate General Customs Valuation says that methods given in Section 25 of the Customs Act, 1969 were followed to arrive at customs value of Tubular Metal Needles in Bulk, Disposable Surgical Metal Needles (Sterilized) and disposable veterinary metal needles (sterilized).
