KARACH: Directorate General of Customs Valuation has issued the reference values for Groundnut.
This Directorate General has initiated an exercise to develop database values for different items wherein it has been observed that declarations are of wide range and do not correctly reflect values of the items as traded in the international market. During the scrutiny of previous clearance data, it has been observed that Groundnut falling under PCT headings 1202.4200 are being assessed at different values and certain transactions are on very low side.
This Directorate General, after carefully examining the clearance data,also conducted market inquiries to verify the authenticity of declarations. Online prices were also obtained to corroborate the findings of the market surveys. This office, therefore, has found that the customs values of Groundnut areas under:
Groundnut in Shells 1202.4200 India US $0.65/per kg, Groundnut Kernel (HPS) 1202.4200 India US$0.85/per kg Groundnut Blanched Splits India US$0.95, Groundnut in Shells 1202.4200 China, US$0.70, Groundnut Kernel (HPS) 1202.4200 China US$0.9, Groundnut Blanched Splits 1202.4200 China US$1.00, Groundnut in Shells 1202.4200 African Region US$0.62, Groundnut Kernel (HPS) 1202.4200African Region US$0.82, Groundnut Blanched Splits 1202.4200 African Region US$0.92.
These values are, however, for reference/guidance only and final assessment may please be made after considering other factors which have bearing on the customs value.
The clearance collectorates may like to consider the values given above before finalizing the assessment of the subject items. If further fine-tuning in specifications and ensuing values are required, Collectorate may forward a reference along with detailed justifications so that requisite adjustments are accordingly issued.
Meanwhile, Directorate General of Customs Valuation has issued the reference values for American Tourister brand Duffle Bags.
This Directorate General has initiated an exercise to develop database values for different items wherein it has been observed that declarations are of wide range and do not correctly
reflect values of the items as traded in the international market. During the scrutiny of previous clearance data, it has been observed that American Tourister brand Duffle bags falling under PCT headings 4202.1900 are being assessed at different values and certain transactions are on very low side.This Directorate General, after carefully examining the clearance data, also conducted market inquiries to verify the authenticity of declarations. Online prices were also obtained to corroborate the findings of, the market, surveys. This office, therefore, has found that the customs values of American Tourister brand Duffle bags are American tourister brand Duffle bags China US$18.00
These values are, however, for: reference/guidance only and final assessment may please be made after considering other factors which have bearing on the customs value.The clearance collectorates may like to consider the values given above before finalizing the assessment of the subject items. If further fine-tuning in specifications and ensuing values are required, Collectorate may= forward a reference along with detailed justifications and w sheets so that requisite adjustments are accordingly issued.In case of any grievance, the importer can file a request to the Dir ‘orate General along with substantiating evidences/record for reconsideration/review.
