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DG Valuation issues new customs values of cooking range, hood/chimney vide VR No 1280/2018

byCT Report
07/04/2018
in Karachi, Latest News
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KARACHI: The Directorate General of Customs Valuation has revised the customs value of cooking range hood/chimney vide Valuation Ruling No 1280/2018 under Section 25-A of the Customs Act, 1969.

The Customs values of cooking range hood/chimney were determined vide valuation ruling No.1170/2017 dated 25.05.2017. The Honorable Director General, while deciding Revision petitions, upheld the Ruling but at the same time, advised to address the grievance of certain importers regarding their categories on the one hand and also observed that clearance data had indicated that certain European brands are being cleared even lower than Chinese origin item. Further, a number of representations were received to determine the customs value of Cooking Range Hood/Chimney afresh keeping in view the international market prices. Keeping the above in view an exercise was conducted to determine the customs values of Cooking Range Hood/Chimney under Section 25A of the Customs Act, 1969.

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Meeting was attended  number of importers and stakeholders and representatives from trade bodies and field formations. All stakeholders were requested to submit invoices of imports during last three months showing factual value.

Websites, names and E-mail addresses of known ‘foreign manufacturers of the item in question through which the actual current value can be ascertained.  Copies of Contracts made / LCs opened during .the last three months showing the value of item in question.

Copies of Sales Tax Invoices issued during last four months showing the values of supplies (excluding duty and taxes) to substantiate their contentions.

During the course of, meeting, the importers of Fotile and Robam mentioned that values determined in the valuation ruling are very high and not compatible with international trading prices. They further argued that while conducting the local market survey it may be kept in mind that their prices include after sales maintenance/ repair service charges and warranty .

However, no any concrete documents were submitted by them in favor lot then contentions Representatives from M/s General marketing services expressed their concerns on incorporating of  Xpert brand in category A in line with Fotile and Robam however, their cooking hood / chimney are of lower values and requested that their brand may be placed in category C. The importers of Snifz brand also submitted for decrease in values in line with category C . Importers of Tekka brand mentioned that it is German brand and their main market is in Lahore however, they were not agreed with the values so determined in the valuation ruling. After a lapse of considerable time , some importers submitted their import documents but the abovementioned requisite documents were not submitted by the stakeholders.

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