KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Ruling No: 722/2015 on March 12, 2018, it is learnt.
According to the details, Director General Surriya Butt has said that the department was reviewing suggestions from various importers to set new prices of one site coated Duplex Board grey back and other than gray back in sheets. She said that some valuations, which were issued in 2015, were being reviewed from the beginning.
Moreover, the valuations will be set in view of rising prices in the international market. Sources told that a petition was submitted by the importers to Customs Valuation in which change in prices one site coated Duplex Board grey back and other than gray back in Sheet was requested.
Sources told that Valuation Ruling No: 722/2015 was issued on February 17th, 2015. A meeting was held with the stakeholders on Thursday 1st February 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.
