KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Ruling No: 803/2016 on Monday (October 16), it is learnt here.
Surriya Butt has said the department is reviewing suggestions from importers to set new prices. She further said some valuations, issued in 2014, 2015 and 2016, were being reviewed from the beginning. Moreover, the valuations will be set in view of rising prices in the international market.
Sources told reporter that a petition was submitted by the importers to Customs Valuation in which change in prices of Melamine Powder was requested. Sources said the Valuation Ruling No: 803/2016 was issued on January 22, 2016.
A meeting was held with the stakeholders on 18th of 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.
