KARACHI: The Directorate General of Customs Valuation has revised the customs value of nail cutters, clippers (low end/unpopular only) PCT 8214.9000 through Valuation Ruling No 1061/2017 under Section 25-A of the Customs Act, 1969.
Earlier this Directorate General had conducted an audit of the clearance values of the subject goods and found the same to be on the lower side in comparison with the international trading prices and the local selling prices. As an immediate remedial measure, this Directorate General circulated custom value of nail cutters / clippers (low end/unpopular brands only) as one of the risk assessment measures vide Valuation Database letter No.119 dated: 6.12.2016.
Subsequently, a number of representations were received in this Directorate pointing out various issues pertaining to value of the subject goods. Customs Appraisement (West) vide their letter No. Si/Misc/08/2017-V dated: 28.01.2017 also forwarded their proposal with enclosed copies of their working paper for determination of customs values of nail cutter / clipper (low end/unpopular brands only.
They also sought reduction of assessable value vide a valuation ruling so that uniform application of values could be affected without any discrepancies. Therefore this Directorate General initiated an exercise for determination of custom values of nail cutters / clippers (low end/unpopular brands only) under Section 25Aof the Customs Act, 1969.
Meetings with stakeholders for the determination of customs values of nail cutters / clippers (low end/unpopular brands only) were scheduled on 08-02-2017 and 22-02-2017. The stakeholders were requested to submit the following documents so that fair customs values could be determined.
Websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained. Copies of contracts made / LCs opened during the last three months showing the value of item in question.
