KARACHI: The Directorate General of Customs Valuation revised the customs value of modem (WiFi) 3G, CDMA WiFi, dongle (4G) and HDMI cable through Valuation Ruling No 1074/2017 under Section 25A of the Customs Act, 1969.
According to details, the Directorate General issued VDB value of HDMI cable vide VDB letter No. 18 dated 23-07-2016. Meanwhile, the Directorate General also initiated an exercise for determination of customs values of Modem (WiFi) 3G, CDMA WiFi dongle (4G) and HDMI cable.
Sources said that a meeting with stakeholders was held on 01-03-2017. Importers had been requested to furnish invoices of imports during last three months showing factual value, 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 and copies of Sales Tax Invoices issued during last four months showing the difference in price (excluding duty and taxes) to substantiate that the benefit of difference in price is passed on to the local buyers.
However, no documents were submitted in the Directorate General on or before the said scheduled meeting.
Valuation methods given in Section 25 of the Customs Act, 1969 were followed to arrive at customs values of Modern (WiFi) 3G, CDMA WiFi dongle (4G) and HDMI cable.
