KARACHI: The Directorate General of Customs Valuation has revised the customs values of Copper Filter Dryers through Valuation Ruling No: 1255/2018 under Section 25A of the Customs Act-1969.
The customs values of copper filter dryers were determined vide Valuation Ruling No.1103/2017 dated 21.03.2017. The Honorable Appellate Tribunal Karachi set aside the valuation ruling and ordered in Revision No.353/2017 dated 07.04.2017 and ordered revising of the valuation ruling after giving all the stakeholders an opportunity of being heard. Being aggrieved with the Appellate Tribunal’s orders, the directorate has filed a reference before the Honorable High Court of Sindn Karachi.
A number of representations were received to determine the customs value of copper filter dryers afresh keeping in view the international market trends.
An exercise was initiated with a view to determine the custom value of the subject goods afresh under Section 25A of the Customs Act-1969 in terms of prevailing international prices.
Stakeholders’ meeting was scheduled on 17.11.2017 and 29.01.2018. All the participants were requested to submit the following documents: i. Invoices of imports during last three months showing factual value. ii. Websites, names and E-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained. iii. Copies of contracts made/LCs opened during the last three months showing the value of item in question. iv. Copies of Sales Tax Invoices issued during last four months showing the values of supplies (excluding duty and taxes) to substantiate their contentions.
During the course of meetings, the stakeholders requested that filter dryers are mainly imported and used by the manufacturers of refrigerators and the values so determined in the valuation ruling are on higher side therefore these values may be rationalized. The participants were requested to submit documents/record to substantiate their contentions but till the issuance of this ruling, the relevant documents were not submitted. One commercial importer submitted a sales invoice only. 5. Method adopted to determine customs values: Valuation methods given in Section 25 of the Customs Act-1969 were followed sequentially.
