KARACHI: The Directorate General of Customs Valuation has revised the customs value of sauces/salad / /Mayonnaise/Mustard and Tomato Ketch up vide Valuation Ruling No 1215/2017 under Section 25-A of the Customs Act, 1969.
Customs values of Sauces / Salad dressing/ Mayonnaise / Mustard and Tomato ketchup were earlier determined through Valuation Ruling No.952/2016 dated 13.10.2016. There was representation from commercial importer for determination of customs value of subject items a fresh.
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Commercial importer claimed that the prices of Sauces / Salad Dressing / Mayonnaise / Mustard and Tomato Ketchup are lower in the International markets than the customs value determined in the existing valuation ruling, which is over one year old, hence it is required to be revised in the light of honorable High Court of Sind, at Karachi’s orders dated 10.11.2015 in Constitutional Petition No. D-6918/2015. Since 90 days have passed and representations were received from commercial importer regarding values determined in the valuation ruling dated 13.10.2016, hence an exercise was initiated to re-determine the values of subject items.
Meetings were held on 25-09-2017 and 03-10-2017, with stakeholders of subject items. The representatives of CC Appraisement (West) Karachi also participated in the meetings. The commercial orders requested that the said valuation ruling may be reviewed in the light of prevailing national market prices.
