KARACHI: The Directorate General of Customs Valuation has revised the customs values of grease proof paper non-pharmaceutical grade glazed tracing paper and glassine paper (non-pharmaceutical grade) through Valuation Ruling No 1080/2017 under Section 25A of the Customs Act, 1969.
According to the details, Customs values of grease proof paper, glazed tracing paper and glassine paper, were circulated vide VDB letter No. 71, dated 10-11-2016, VDB letter No. 72, dated 10-11-2016 VDB letter No.168, dated 20-01-2017 respectively. It was deemed expedient to issue a valuation ruling hence, an exercise was conducted to determine customs values of grease proof paper (non-pharmaceutical grade), glazed tracing paper and glassine paper non-pharmaceutical grade in accordance with current price trends in the international market.
All participants were requested to submit 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.
Copies of sales tax invoices issued during last three 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.
The meetings were attended by some importers of the said commodities. The importers discussed the prices of the subject commodities imported from China. Some Import Documents were submitted by the importers who appears for this meeting. None of the requisitioned documents were submitted by the others importers of subject goods.
