KARACHI: The Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 773/2015 on April 23, 2018, it is learnt here.
Surriya Butt said the department was reviewing suggestions from various importers to set new prices of stainless steel sheets, coils, and circles (secondary quality). 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 market. Sources told CT that a petition was filed with the Customs Valuation in which change in prices stainless steel sheets, coils, circles (Secondary Quality) was requested.
Sources further said Valuation Ruling No: 773/2015 was issued on November 27, 2015. A meeting was held with the stakeholders on today 1st March 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.
