KARACHI: The Directorate General of Customs Valuation has revised the customs values of Canvas Water Discharge Hose Valuation Ruling No: 1264/2018 under Section 25A of the Customs Act-1969.
A representation was received from M/s Ghauri Enterprises that the consignments of Canvas Water Discharge Hose are being imported at different declared prices and are assessed on different prices. They requested an issuance of valuation ruling under Section 25-A of the Customs Act-1969 for uniform assessment across the board.
Keeping in view the above stated request and clearance data of subject goods, this Directorate General initiated an exercise for determination of the Customs Values of the object goods in terms of Section 25-A of the Customs Act-1969. Stake holders’ participation in determination of customs values: Meeting with stakeholders was convened on 06.02.2018 to discuss the international price trends of the subject goods. M/s Ghauri Enterprises contended that value of Canvas Water Discharge Hose should be determined in close proximity of value determined for PVC Hose Pipes vide Valuation Ruling No. 1010/2017 dated 12.01.2017, however the Departmental representative stated that PVC Hose Pipe is mainly composed of PVC raw material where as Canvas Water Discharge Hose is composed mainly of polyester filaments, hence both items have no nexus with each other. The view point of participants was heard in detail and considered to arrive at customs values of the subject goods.
The method adopted to determine customs value: Valuation methods provided in Section 25 of the Customs Act-1969 were duly applied in their regular sequential order to arrive at customs values of subject goods. The transaction value method provided in Sub-Section (1) of Section 25 was found inapplicable because there were wide differences in the declarations. Identical/similar goods value method provided in Sub-Sections (5) & (6) of Section 25 ibid were examined for applicability to the valuation issue in the instant case.
