KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has said it is true that there are so many applications submitted from importers to change the prices of different products that is why we are calling to continue the meetings of importers for discussion about that.
Source said Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Ruling No: 837/2016 on January 30, 2018, it is learnt.
Director General Surriya Butt said the department is reviewing suggestions from importers to set new prices of BOPP Laminated polypropylene. She further said that some valuations, which were issued in 2015 and 2016, were being reviewed from the beginning.
Moreover, the valuations will be set in view of rising prices in the international markets. Sources added that a petition was submitted by the importers to Customs Valuation in which change in prices of BOPP Laminated polypropylene was requested.
Sources said the Valuation Ruling No: 837/2016 was issued on April 20, 2016. A meeting was held with the stakeholders on December 26, 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.
