KARACHI: The Directorate General of Customs Valuation has revised the customs values non-dairy topping cream of different origins through Valuation Ruling No 1153/2017 under Section 25-A of the Customs Act, 1969.
According to details, the customs values of non-dairy topping cream of different origins were determined vide Valuation Ruling No. 897/2016 dated 04-08-2016. Some importers requested for revision of Valuation Ruling in the light of CP No. 6918/2015.
Directorate General initiated an exercise for re-determination of customs values of non-dairy topping cream afresh.
A meeting was held on 04-05-2017 with all the stakeholders including the manufacturer of the subject goods. All stakeholders were requested to submit invoices of imports during last three months showing factual value and websites, names and E-mail addresses of known foreign suppliers 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 as well as copies of Sales Tax invoices issued during last four months showing the differences in price (excluding duty and taxes) were also sought to substantiate that the benefit of difference in price is passed on to the local buyers.
The importers contended that the values of the subject goods were being sold in the international market on prices lower than the values determined vide Valuation Ruling No.897/2016 dated 04.08.2016.
The representative of the manufacturer on the other hand argued that the international selling prices were in fact higher and requested that the same may be verified by conducting local market inquiries. However, he could not submit any documentary evidence to prove his claim. The view point of all stakeholders was considered before arriving at customs values of non-dairy topping /whipping cream. The Directorate General while finalizing values has considered the values of Palm Oil and the value addition thereon. Valuation methods provided in Section 25 of the Customs Act, 1969 were duly followed and applied sequentially to address the sue at hand.
