KARACHI: The Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise Valuation Ruling No: 843/2016 on April 24, 2018, it is learnt
Surriya Butt said the department was reviewing suggestions from various importers to set new prices of skimmed milk, powder and instant milk powder ( HS Code 0402-1000, 1092, 9020, 1902,9090). She said some valuations issued in 2016 were being reviewed from the beginning.
Moreover, the valuations will be set in view of the rising prices in the international market. Sources told Customs Today that a petition was filed with the Customs Valuation in which change in prices of skimmed milk, powder and instant milk powder was requested.
Sources further said Valuation Ruling No: 843/2016 was issued on May 2, 2016. A meeting was held with the stakeholders on 28th February 2018.
Importers were advised 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.
