KARACHI: The Directorate General of Customs Valuation has revised the customs value of artificial imitation jewellery vide Valuation Ruling No 1376/2016 under Section 25-A of the Customs Act, 1969.
Earlier Customs values of artificial jewellery were determined under Section 25-A of Customs Act, 1969 vide Valuation Ruling No. 1007/2017 dated 11-01-2017 and revised vide Order-In-Revision No. 301/2017 dated 08-02-2017.
Representations were received in the directorate from Customs Collectorate of Appraisement (East), Karachi that assessable values of artificial imitation jewellery of Indian as well as other origins may be revised in line with current market prices. Therefore, an exercise was undertaken to determine the customs values of artificial jewellery afresh under Section 25-A of the Customs Act, 1969.
Meetings with stakeholders scheduled and held on 14-05-20I 8, 24-05-2018,05-06-2018, 26-06-2018, 02-07-2018, 12-12-2018 and 15-03-2019 with the importers and representatives of Appraisement West, Karachi.
The participants were requested to submit invoice of Imports made during last three months showing factual value.
Websites, names and e-mail addresses of known foreign suppliers / manufacturers of the item in question through which the actual current value could be ascertained.
Copies of contracts made / LCs opened during the last three months showing the value of items in question.
Copies of sales tax paid invoices issued during last four months (excluding duty and taxes) to substantiate their contentions.
The requisite documents were not submitted by the importers. The stakeholders, during the meetings, stated that the issue of under invoicing raised in the Collectorate pertains to Indian origin jewellery which was also endorsed by representatives of Appraisement West.
The discussion revealed that imported artificial jewellery into Pakistan from China constitutes approx. 90% of total imports whereas the rest is from India and other origins, The artificial jewellery imported from China and India is manufactured using iron, steel & lead, as base metal while minor quantities of jewellery are produced using brass and copper as base metal. Similarly, certain type of jewellery are adorned with the inexpensive simulated gemstones, glass and glass beads etc. Importers further prayed that the fancy branded designers and fine jewellery, as per previous practices, may be kept out of the purview of this valuation ruling.
