KARACHI: The Directorate General of Customs Valuation has revised the customs value of I.V. Cannula/ I.V. Catheter vide Valuation Ruling No 1316/2018 under Section 25-A of the Customs Act, 1969.
According to the details Customs values of I.V. Cannula / 1.V. Catheter were earlier determined through Valuation Ruling No.1105/2017 dated 22-03-2017. However, various representations were received from the importers for re-determination of value of I.V. Cannula / I.V. Catheter in accordance with the prices in international market. Hence, an exercise was initiated by this Directorate General to determine the customs values of I.V. Cannula / I.V. Catheter in terms of section 25-A of the Customs Act, 1969. 3. Stakeholders’ participation in determination of Customs values: Meetings with stakeholders, including importers and representatives from field formations, were held on 28-05-2018 and 02-07-2018 to discuss the current international prices of the subject goods.
The importers / stakeholders were requested to submit invoices of imports during last three months showing customs 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 their contentions.
An importer from Qatar origin goods contended that IV cannula value in Qatar at much cheaper than that of Saudi Arabia origin goods because main raw material i.e., polypropylene is cheaper in Qatar as compared to Saudi Arabia, therefore, the values notified in the existing valuation ruling shall be reconsidered and rationalized.
They emphasized on the acceptance of their declared values, however they did not furnish requisite documents including copies of Sales Tax invoices to substantiate their view point despite ample time given to them. Other stakeholders present during the meeting asserted that this stance of difference value of raw material of IV Cannula between the two countries is factually incorrect, and emphasized that there is no big difference in prices of raw material in Saudi Arabia and Qatar. M/s B.Braun Pakistan (Private) Limited pointed out that values for I.V. Cannula/ Catheter (Intocan) “with stopper” and “without stopper” shall be notified separately as
