KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has issues Order in Revision No.293/2017 under section 25-D of the Customs Act, 1969 against Valuation Ruling No.938/2016 issued on September 26, 2016. The revision petition was filed by M/s Meerab Enterprises and M/s Shahid Brothers.
According to the details, the applicants stated that they were the regular importers and importing consignments containing calcined alumina from worldwide and file the GD under PCT heading 2818.2000.
They said that currently the valuation department issued the fresh valuation ruling 938/2016 in place of the old ruling 794/2016, dated 15-01-2016 and the current valuation ruling issued on too much higher side and we are not in a position to accept such higher valuation ruling.
Director General Customs Valuation in his order stated that, hearing in this case was fixed on 9-01-2017. A commercial importer Muhammad Owais Uddin Sharif appeared on behalf of M/s Shahid Brothers. He stated that they are importing aluminum oxide and calcined alumina C.A. from India at $ 0.52/kg and S 0.76/kg Korea origin whereas customs values have been determined at US$ 0.87/kg of China origin and US$ 1.10/kg of other origins. India and Korea both origins fall in other origins category which are on higher side.
He said the petitioner requested to determine the customs values downward and Indian origin be clubbed with China. They further contended that their import quality is in bulk, last L/C is of 88 matric ton (4 containers), therefore, they emphasize reduction of customs values of Korean and Indian imports of aluminum oxide and calcined alumina.
The Director General Customs Valuation stated that, I have deliberated on the case record as well as verbal and written arguments put forth by the petitioners and respondent department. I have inferred that customs values of Chinese origin and other origins have been fixed rightly. Therefore, the petition is rejected.
