KARACHI: Directorate General Customs Valuation Director Shafiq Ahmad Latki determined customs values of uncoated offset paper for writing, printing and photocopy under Section 25-A of the Customs Act, 1969 vide Valuation Ruling No. 1428/2019.
Earlier, customs values of uncoated offset paper for writing, printing and photocopy were determined vide Valuation Ruling No. 1248/2018 dated 19.1.2018. As the ruling was old and values in the international market has been changed, therefore, an exercise was initiated to determine the customs values of aforementioned goods under section 25-A of the Customs Act, 1969.
Stakeholders’ meeting was scheduled on 30.9.2019.
The stakeholders were requested to furnish the following documents before or during the course of above said meeting.
a Invoices of imports during last three months showing factual value.
b Websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained.
C Copies of contracts made/LCs opened during the last three months showing the value of item in question.
D Copies of sales tax invoice issued during last three 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 importers and local manufacturers. The importers requested that the prices of the subject commodity were downward in the international market whereas, the local manufacturer insisted that the prices are on higher side.
The matter was discussed at length and the import evidences/invoices available on record were shown to importers. The requisitioned documents were however not submitted by the participants. Valuation methods given in Section 25 of the Customs Act, 1969 were followed to arrive at customs values of uncoated offset paper for writing, printing and photocopy.
Transaction value methods provided in Section 25 (I) was found inapplicable owing to wide variation in the values being declared to the customs and incomplete descriptions. Identical and similar goods values methods provided in Section 25 (5) & (6) were examined for applicability to the valuation issue in the instant case which provided some reference values of subject goods but the same could not exclusively relied on die to wide variation in declared values of the subject goods. 
