KARACHI: Customs Valuation Director General Sumaira Nazir has rejected the review petition filed by manufacturer M/s DIC Pakistan Ltd against Valuation Ruling 707/2015 with respect to the product ‘printing inks’.
The petition was filed under Section 25D of the Customs Act, 1969, against the customs value determined for printing ink vide Valuation Ruling 707/2015 dated 16-01-2015 issued under Section 25-A of the Customs Act, 1969 inter alia on the following grounds reproduced.
You might also like
According to details, manufacturer of printing inks M/s DIC Pakistan was of the view that in the said ruling the customs value of printing inks has been determined at a very minimum rate, whereas the value should be declared at $3.5 per kg, because the said product is being sold at this price throughout China.
It is important to mention that if the raw material – used in the manufacturing of offset inks – is imported in Pakistan then only the landed cost excluding the customs duty would equal to $3.25 to $4.00 per kg.
Responding to the queries made by the manufacturer, the Valuation Department made it explicit that during routine business, the price is interdependent on the quality and colour of the printing inks having different C&F values. It is necessary to elucidate that the manufacturer has no objection on the determination of the customs value at the same rate if the printing ink is of Korea or Taiwan origin. Apart from this, the way the manufacturer is making comparison with the raw material and finished goods is beyond imagination, as the right way is to make comparison with the cost of production and other related information.
Taking into consideration all the facts and figures, and in-depth market inquiry, Customs Valuation DG Samaira Nazir Khan in her order remarked that the findings do not contain any flaw and the submissions made by the importer are meaningless and baseless due to which the revision petition is rejected as it lacks merit.
