KARACHI: Directorate General of Customs Valuation Headquarter Deputy Director Rizwan Bashir Kalair has issued the reference values for Yellow brand shirts/T-shirts and jeans/casual pants.
The department initiated an exercise to develop database values for different items wherein it has been observed that declarations are 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 was noticed that Yellow brand shirts/T-shirts under PCT 6105 are being assessed at different values and certain transactions are on very low side.
It was also noticed that Yellow brand jeans and casual pants under PCT 6103 and PCT 6203 are being assessed at different values and certain transactions are on very low side.
The officials of Customs Valuation carefully examined clearance data and also conducted market inquiries to verify the authenticity of declarations. Online prices were also obtained to corroborate the findings of the market surveys.
The reference values of Yellow brand men jeans and casual pants (all types) are determined at $8.0/pc.
The reference values of Yellow brand men and ladies shirts (all types) are determined at $7.5/pc. Reference values of Yellow brand men/ ladies T-shirts (all types) are determined at $6.0/pc. Reference values of Yellow brand boys shirts (all types) are determined at $4.0/pc. Reference values of Yellow brand boys T-shirts (all types) are determined at $3.5/pc. Reference values of Yellow brand shirts/kurti (all types) are determined at $7.0/pc.
The notification issued by the Customs Valuation further states, “The clearance collectorates may like to consider the values given above before finalising the assessment of the subject items. If further fine-tuning in specifications and ensuing values are require, collectorate may forward a reference along with detailed justifications and worksheets so that requisite adjustments are accordingly issued”.
