KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 919/2016 on May 11, 2018, it is learnt.
Director General Surriya Butt has said that the department is reviewing suggestions from importers to set the new prices of PVC coated fabric. She said that some valuations, which were issued in 2016, are being reviewed from the beginning.
Moreover, the valuations will be set in view of the rising prices in the international markets. Sources told CT that a petition was submitted by the importers to customs valuation in which change in prices of PVC coated fabric was requested.
Sources said the Valuation Ruling No: 919/2016 was issued on August 26, 2016. A meeting was held with the stakeholders on April 5, 2017.
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.
Sources said that presently Director General Surriya Ahmed Butt continues meetings with importers because a number of applications have been submitted by the importers to change the prices of import items.
