KARACHI: Federal Board of Revenue’s Directorate of Customs Valuations has revised the values of menthol crystals.
Customs Valuation Director General Syed Tanveer Ahmed revised Valuation Ruling No.650/2014 for menthol crystals in an order in revision issued in line with the directives of Sindh High Court.
M/s A.O Enterprises Karachi had filed a CP before High Court. In compliance of the orders of SHC, the consignment of M/s A.O Enterprises was released provisionally and hearing opportunity was granted to M/s A.O. Enterprises to substantiate their view point with documentary evidences.
Osama bin Siddique of the imported submitted they imported menthol crystal smoking grade at $5/kg from Singapore whereas in Valuation Ruling No.650/2014 the customs value of menthol crystal (pharmaceutical grade) was determined at $18/kg for Chinese origin, $18/kg for Indian origin and $30/kg for all other origins, which is not applicable on their imports.
