KARACHI: Senior Vice Chairman, All Pakistan Motorcycle Spare Parts Importers and Dealers Association (APMSIDA), Khurram Riaz has expressed his strong reservations over the issuance of Valuation Ruling No.664 by the Directorate General of Customs Valuation to determine the Customs values of motorcycle spare parts being imported from different countries.
Commenting on the recently issued Valuation Ruling No.664, Khurram Riaz termed it unjustified and demanded its revision immediately.
Talking to Customs Today, Senior Vice Chairman APMSIDA said that the Directorate General of Customs Valuation has issued the said valuation guideline without taking stakeholders into confidence.
Riaz confirmed that the authorities concerned before issuance of VR No.664 regarding the determination of customs values of motorcycle spare parts did not call any meeting with the members of APMSIDA to make consensus with the stakeholders in this regard.
Responding to a query, Riaz said that the market of Chinese imported motorcycle spare parts would directly be affected by the issuance of VR No.664, as the values determined by the Customs Valuation Department are very high.
He further informed this scribe that the high values of the motorcycle spare parts would also increase the smuggling of the imported spare parts, as the genuine importer would not be able to import the motorcycle spare parts at high values.
Replying to a query, Senior Vice Chairman (APMSIDA) said that the association has also submitted an application in the Directorate General of Customs Valuation to review the valuation ruling No.664 for the larger interest of the traders.
