KARACHI: The Directorate General of Customs Valuation has revised the customs values of dry battery cells through Valuation Ruling No 1079/2017 under Section 25A of the Customs Act, 1969.According to details,
According to the details, customs values of dry battery cells were determined under Section 25A of the Customs Act, 1969, vide Valuation Ruling No.505/2012, dated 19-12-2012. The Valuation Ruling required revision in line with the prevailing prices in the international market. Therefore, Directorate General initiated an exercise for determination of customs values of dry battery cells.
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Participants of the meeting advised to furnish invoices of imports during last three months showing factual values websites names and e-mail addresses of known foreign manufacturers of the item n 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.
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. No documents were submitted in this Directorate General on or even after the said scheduled meetings. Resultantly numerous surveys were conducted for determination of the customs values.
Valuation methods given in Section .25 of the Customs Act, 1969 were followed to arrive at customs values of dry battery cell. Transaction value method provided in Section 25 (1) was found inapplicable owing to wide variation in the values being declared to the customs. Identical / similar goods value methods provided in Section 25 (5) & (6) were examined for applicability to the valuation issue in the instant case which provided some reference values of the subject goods but the same could not be exclusively relied upon due to wide variation in declared values of subject goods.
Thereafter, market inquiry as envisaged under section 25-7 of the Customs Act 1969, was conducted. For the purpose, different markets were surveyed repeatedly. The computed value method as provided in Section 25(8) of the Customs Act, 1969, could not be applied as the on version costs from constituent material at the country of export were not available. Online values of subject goods were also obtained.
