KARACHI: The Directorate General of Customs Valuation has revised the customs value of Sorbitol Solution 70 percent non-crystalline grade notified vide Valuation Ruling No 1186/2017 under Section 25A of the Customs Act, 1969.
According to the details, the stakeholders, including importers, local manufacturers, Pakistan Chemical and Dyes Merchant Association (PCDMA) and representatives from clearance Collectorates, participated and presented their view point.
M/s Habib —ADM Ltd, local manufacturers, stated that Sorbitol Solution 70 percent non-crystalline grade is being dumped into the country to inflict serious blow to the local Industry. Therefore, the National Tariff Commission has imposed anti-dumping duty on imports from several countries i.e. India, Indonesia and France.
They further stated that export prices of subject item to other countries, from afore mentioned manufacturing countries, are much higher than the prices on which the same item being imported into Pakistan.
They contended that price offered for Pakistan is limited to geographical area of Pakistan and not the price offered for international markets. They, supported their submissions with (CIS Scan prices for March 2017. They requested to link the customs value with ICIS Scan prices. On the other hand the commercial importers stated that they are importing the subject item on prices being offered for Pakistan by the exporters of India, Indonesia and France.
As the local manufacturer and importers had conflicting view .point about the prices of subject item therefore they were asked to develop a consensus on the price issue but they failed to do so. The view point of all participants was heard in detail and considered to arrive at Customs values of Sorbitol Solution 70% Non Crystalline Grade on the basis of local market prices and prices quoted in ICIS Scan with adjustment of freight \ element country wise.
Method adopted to determine Customs values: Valuation methods provided in Section 25 of the Customs Act, 1969 were duly applied in their regular sequential order to address the particular valuation issue at hand. The transaction value method as provided in Sub-Section (1) of Section 25, found inapplicable in light of the wide variety of invoices submitted at import stage the veracity of which could not be ascertained fully, hence requisite information required under law was not available to arrive at the correct transaction value. Identical / similar goods value method provided vide Sub-Sections (5) & (6) of Section 25 ibid were examined for applicability to determine Customs value of subject goods.
