KARACHI: Customs Valuation Director General Samaira Nazir Khan has dismissed a review petition filed by M/s Trade International against the Valuation Ruling 721/2015 dated 17-02-2015 through Order-in-Revision 101/2015 under Section 25-D of the Customs Act, 1969.
The revision petition was filed under Section 25-D of the Customs Act, 1969, by M/s Trade International, Lahore, against Valuation Ruling 721/2015, which relates to valuation of bleached kraft linerboard covered under HS Code 4804.1100.
The petitioner through the counsellor reiterated that the value of the said product of USA origin has been valued at $595/MT against the values submitted by the petitioner ranging from $575/MT to $580/MT.
It was argued that the valuation director considered the highest value and ignored the evidence produced, and it was requested that consideration for revising the said values may be undertaken because of wide gap between the two values.
Customs Valuation DG Samaira Nazir Khan examined the submission and also went through the facts of the case on record. DG Samaira observed that this ruling was basically a revision of previous Valuation Ruling 601/2013.
In her order, she remarked that the proceedings of this revision of values were carried out by the valuation director in consideration of the representations made by importers to bring them in line with international market prices. It, therefore, reflects that the decision was concluded after examining the stakeholders’ viewpoint as well as the material facts and data placed on record.
The Customs Valuation DG noted the petitioners mainly contended that they had given evidence to justify the actual transaction value, which was based upon L/C and other documents, but the same was not considered by the valuation director.
In this regard, evidence referred to was not found relevant to actual transaction and these were under process of clearance and could not be regarded as custom values as per the law.
In the submissions given by the departmental representative, the DG observed that all the factors concerning the importers’ representation with respect to price variation were duly taken into account, and based on the evidence reflected in import data, the department had determined the customs values as covered in the impugned valuation ruling, and has justified the same in the light of findings of inquiry.
Samaira Nazir Khan in her order stated that in view of the aforesaid reasons, “I am convinced that the impugned ruling was decided in accordance with law and prescribed procedure, while the department’s representatives have given valid reasons and substantial grounds to justify issuance of the same.”
The impugned valuation ruling is, therefore, maintained and the revision petition is dismissed and disposed of accordingly, the order concluded.
