KARACHI: The Directorate General of Customs Valuation has revised the customs value of Billiard table and parts/accessories through Valuation Ruling No 1126/2017 under Section 25A of the Customs Act 1969.
It has been observed that the Billiard table and parts/accessories thereof are being assessed at different customs values at different customs stations. For the purpose of uniform assessment, this Directorate General initiated an exercise for determination of customs values of the subject goods.
Meeting with stakeholders was held on 27-03-2017 and the importers were requested to furnish the invoices of imports during last three months showing factual value.
Websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained.
Copies of contracts made / LCs opened during the last three months showing the value of item in question.
Copies of Sales Tax Invoices issued during last four months showing the difference in price (excluding duty and taxes) to substantiate that the benefit of difference in price is passed on to the local buyers.
The meeting was attended by different importers. The importers, during the meeting agreed that the prices of Billiard Table and Parts/Accessories thereof should be determined under Section 25A in light of prices in the international market, for uniform applicability. They, however, did not submit any corroboratory evidence/documents in support of their proposed values. They requested that they might be allowed some time to furnish evidences and other documents in support of their contentions but failed to submit any such document, even after passage of considerable.
Valuation methods given in Section 25 of the Customs Act, 1969 were followed to arrive at value of Billiard Table and Parts/Accessories thereof. Transaction value method provided in Section 25 (1) was found inapplicable owing to wide variation in the values being declared to the customs and incomplete descriptions.
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