KARACHI: Directorate of Customs Valuation has revised the customs values of used jute bags vide Valuation Ruling No.1020/2017.
Pakistan Jute Mills Association and Port Muhammad Bin Qasim Collectorates have requested for determination of customs values of used jute bags imported from different origins.
A meeting for determination of custom values of new and used jute bags with stakeholders was conducted on 11.01.2017. A large number of importers as well as manufacturers participated in the meeting and issues connected with valuation of subject goods were discussed in detail. The importers insisted that the prices of used
Jute bags cannot be compared with new-jute bags and that used bags prices are in-fact showing downwards trend in the international market. Importers further said that as they import second hand bags according to their requirement on whole sale basis and these bags are used for packing of fruits, vegetables, and are not for use for packaging of exports consignments and that they are used for carrying goods within country mostly.
The manufacturers on the other hand showed worksheets of costing Wom raw-materials and insisted for higher values as according to them, imported /5-71sed jute bags were not only affecting their market share by under invoicing at 4 port stage and their values are even lesser than the raw material prices of subject goods and that there is a very little difference in the condition of new and used bags
The manufacturers provided invoices of used bags which they purchased from local market, to substantiate their claim and also wished to place on record that at the moment, due to their internal economic policies there is excessive stock of second-hand jute bags available in Thailand and that they are dumping the same in the regional markets like Pakistan, the manufacturers were informed that this matter may be dealt with at the relevant forums. Both the sides have shown their samples.
