KARACHI: The Directorate General of Customs Valuation has revised the customs values of chandeliers, pendants and other hanging lights and parts vide Valuation Ruling No 1185/2017 under Section 25A of the Customs Act, 1969.
Customs values of chandeliers, pendants and other hanging lights and parts thereof were earlier determined vide Valuation Ruling No.982/2016, dated 28-11-2016.
M/s. Rajput Enterprise, filed the revision petition under Section 25D of the Customs Act, 1969, before the Director General of Customs Valuation, which was disposed of vide Order-in-Revision No. 316/2017, dated 16-03-2017. Many importers filed appeals under Section 194-A of the Customs Act, 1969, against the Order-in-Revision, before the Customs Appellate Tribunal, Karachi.
The Tribunal set aside the Order-in-Revision and Valuation Ruling No.982/2016, dated 28-11-2016vide order dated 24-04-2017. As the previous valuation ruling also needed revision in light of above situation, an exercise was initiated to determine the customs values of chandeliers, pendants and other hanging lights and parts thereof, with a view to reflect the current prices prevailing in the international market.
Meetings with stakeholders were held on 13-04-2017 and 18-05-2017. The stakeholders were requested to bring 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.
The stakeholders did not submit the requisite documents except some import invoices. During the first meeting they requested that they had filed appeal against the Order in Revision No. 316/2017, dated 16-03-2017, before Customs Appellate Tribunal, and the outcome of the proceedings at the tribunal may be waited.
