KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Rulings No 709/2011 next week, it is learnt here.
According to the details, Director General Surriya Butt has said that the department is reviewing suggestions from importers to set new prices. She further said that some valuations, which were issued in 2015, were being over viewed from the beginning. Moreover, the valuations will be set in view of rising prices in international markets.
Sources told that a petition was submitted by the importers to Customs Valuation in which changes in prices of Polyester Yarn was requested. Sources said that Valuation Ruling No. 709/2015 of infusion giving set was issued on January 23, 2015.
A meeting was held with the stakeholders on 6th September, 2017. Importers were told to furnish the 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.
