KARACHI: The Directorate General of Customs Valuation has revised the customs value of LED rice lights/ festival decoration lights vide Valuation Ruling No 1158/2017 under Section 25A of the Customs Act, 1969.
According to the details, the Customs values of LED Christmas /rice/festival decoration lights, imported in different colors were determined under Section 25-A of the Customs Act 1969 vide Valuation Ruling No.1030/2017 dated 02-02-2017.
Some importers filed revision petitions under Section 25-D of the Customs Act, 1969, before the Director General of Customs Valuation, which have been disposed of vide Order-in-Revision No.332, dated 17-04-2017. The Director General remanded the case for reconsideration with the direction to look into difference in market inquiries conducted by the Collectorate and the directorate. Hence this Directorate General initiated an exercise for determination of customs values of the subject goods.
Meeting with stakeholders were held on 10-05-2017. The stakeholders were requested to furnish invoices of imports during last three months showing factual value. 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.
One importers and representatives of Lahore chamber attended the meeting. The stakeholders, while examining the samples, previously purchased by the department, claimed that the said samples were not representative as were relatively of higher quality items (black larris with new LED lamps) and were least imported.
