KARACHI: The Directorate General of Customs Valuation has revised the customs value of Tooth Brushes Valuation Ruling No 1218/2017 under Section 25A of the Customs Act, 1969.
According to details Customs values of tooth brushes (low end brands) were determined vide Valuation Ruling No.901/2016, dated 04-08-2016. The impugned valuation ruling required revision in line with the prevailing prices in the international market.
Therefore, this Directorate General initiated an exercise for determination of customs values for tooth brushes (low end brands).
Meeting with stakeholders was held on 08-09-2017 and the importers were also requested to furnish invoices of imports during last three months showing factual value.
Websites, names and E-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained.
Copies of contracts made / LCs opened during the last three months showing the value of item in question.
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.
The importers, during the meeting, were of the view that the prices of the subject commodity have not increased in the international market. They claimed that the market values of the impugned goods were equivalent to the values determined vide previous Valuation Ruling. The manufacturer present during the meeting contended that values determined already for tooth brushes in retail packing were not truly reflecting international prices and also submitted documents, claiming that the values in international market, in certain cases, were higher than the determined values vide previous Valuation Ruling.
