KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Ruling No: 713/2015 on March 26, 2018, it is learnt.
Director General Surriya Butt has said the department was reviewing suggestions from importers to set new prices of energy drinks HS Code 2202.1010. She said some valuations, issued in 2015, were being reviewed from the beginning.
Moreover, the valuations will be set in view of the rising prices in the international markets. Sources said that a petition was submitted by the importers to Customs Valuation in which change in prices of Energy drinks HS Code 2202.1010 was requested.
Sources further said the Valuation Ruling No: 713/2015 was issued on February 2, 2015. A meeting was held with the stakeholders on January 30, 2018.
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.
