KARACHI: The Directorate General of Customs Valuation has revised the customs values of sauces/salad dressing / mayonnaise/mustard and tomato ketchup through Valuation Ruling No: 1256/2018 under Section 25A of the Customs Act-1969.
The Customs values of sauces / salad dressing/ mayonnaise / mustard and tomato ketchup were earlier determined through Valuation Ruling No.1215/2017 dated 05.10.2017.
However, Director General Customs Valuation vide Order-In-Revision No. 421/2017 dated 19.12.2017 remanded back the case to the Director Valuation with the direction to conduct afresh an exercise to re-determine the customs values of tomato ketchup (various brands) and also advised to revisit the whole issue of bulk packing and discount. Hence an exercise was initiated by this Directorate General to determine the customs values of sauces salad dressing / mayonnaise / mustard and tomato ketchup.
Meeting with stakeholders, including importers, local manufacturers and representatives from field formations as held on 23-01-2018. The commercial importers requested that the Customs Values determined existing Valuation Ruling dated 05.10.2017 are required to be revised downward in the light prevailing international market prices.
On the other hand, the local manufacturers especially tomato ketchup manufacturers contended that the prices of the tomato ketchup determined vide the impugned valuation ruling are on lower side and need to be revised accordingly.
They stated that the local Tomato ketchup Industry is not only consuming the local raw material but also creating employment opportunities besides earning foreign exchange. They emphasized that the local industry is capable of meeting the demand and there is no need to import tomato ketchup. M/s Heinz Pakistan (Pvt) Ltd. contended that they are getting the product at lower values and declaring this transactional value but customs is increasing value as per valuation ruling.
The stakeholders were requested to furnish supporting documents so that their contentions could be considered to arrive at customs values of the subject goods. M/s Heinz Pakistan (Pvt) Ltd. submitted copies of GDs and invoices on 30.01.2018.
