KARACHI: Directorate General Customs Valuation Director General Surriya Ahmed Butt has decided to revise Valuation Ruling number 815/2016 soon, its learnt here.
Sources told Customs Today that an application was submitted by importers to customs valuation in which change in prices of medium density fiber board was requested.
Sources said that Valuation Ruling No. 815/2016 medium density fiber board was issued on January 29, 2016. A meeting was held with stakeholders on July 17, 2017. Importers were told to furnish import invoices of the last three months, showing factual values as well as websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value could be ascertained.
Copies of contracts made / LCs opened during the last three months showing the value of item in question and 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 were also sought. During meeting the importers were of the view that the everyday technologies are being upgraded in electronics and its new versions are arriving in the market.
