KARACHI: The Directorate General of Customs Valuation revised the customs value of solar charge controller through Valuation Ruling No 1104/2017 under Section 25A of the Customs Act, 1969.
According to details, the Directorate General issued VDB values of some solar charge controller vide VDB letter No. 34 dated 19-08-2016. Meanwhile, the Directorate General also initiated an exercise for determination of customs values of solar charge controller under section 25A of the Customs Act, 1969.
A meeting with stakeholders was held on 02-03-2017. Importers were 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.
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 solar charge controller. 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. Online values of subject goods were also obtained.
Thereafter, market enquiry as envisaged under section 25(7) of the Customs Act, 1969, was conducted. For the purpose, different markets were surveyed repeatedly. Consequently, the Customs values of Solar Charge Controllers have been determined under Section 25(7) of the Customs Act, 1969.
