KARACHI: The Directorate General of Customs Valuation has revised the customs value of CCTV Cameras through Valuation Ruling No 1113/2017 under Section 25A of the Customs Act, 1969.
Customs values of CCTV Cameras were determined under Section 25A of the Customs Act, 1969, vide Valuation Ruling No.621/2013, dated 19-12-2013. The valuation ruling required revision in line with the prevailing prices in the international market. Therefore, this Directorate General initiated an exercise for determination of customs values of CCTV Cameras.
Meeting with stakeholders was held on 15-02-2017. 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.
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 before the said scheduled meeting. It was, however, pointed out that there were complaints of mis-declaration in description in the form of clearance under the name of mini cameras. It was also pointed out that there was no significant difference in prices on account of it, rather price variation depended more on changes in technology.
Valuation methods given in Section 25 of the Customs Act, 1969 were followed to arrive at customs values of Solar Charge Controllers. 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 t the same could not be exclusively relied upon due to wide variation in declared values of object goods. Online values of subject goods were also obtained.
