KARACHI: The Directorate General of Customs Valuation has revised the customs values of room air fresheners and car air fresheners through Valuation Ruling No: 1349/2018 under Section 25A of the Customs Act-1969.
Earlier the customs values of room air fresheners and car air fresheners were determined vide Valuation Ruling No. 611/2013 dated 22-11-2013. There were several representations from importers, wherein they contended that customs values determined in the existing Valuation Ruling are not reflective of prices in international markets, therefore required to be revised in line with the prevailing prices in the international market.
Keeping in view the prevailing prices in the international markets, Directorate General initiated an exercise for re-determination of the customs values of the room air fresheners and it fresheners in terms of Section 25-A of the Customs Act, 1969.
Meetings with stakeholders including importers and representatives from field formations were held on 02-10-2018 and 07-11-2018 to discuss the prices of the subject goods. The importers / stakeholders were requested to submit the 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.
During the meetings the stakeholders agreed that some importers are declaring the unit value below the actual value of the items in the international market and contended that the customs values may be re-determined in the light of price trend prevailing in the international markets according to the brands.
