KARACHI: Director General Customs Valuation Syed Tanveer Ahmed issues Order-in-Revision No.280 /2016 under section 25-D of the Customs Act, 1969 against Valuation Ruling No.889/2016 issued on July 27, 2016. The revision petition was filed by M/s Fine Traders and others.
The petitioner referred previous ruling no 480/12 issued on October 23, 2012 and explained that it resulted in bad effects on legal imports made by commercial importers and sliders switched over to smuggled regime. But the department did not check even data to verify the facts contented by stakeholders.
Director General Customs Valuation Syed Tanvir Ahmed, in his order, stated that the record of the case has been examined in the light of written and verbal submissions put forwarded by the petitioner. M/s Fahad Traders, M/s Kheewa & Sons and M/s Fine Traders submitted their review applications under section 25-D on 22-08-2016 against Valuation Ruling No.889/2016 dated 2707-2016 of sliders.
The petitioners contended that respondent department has determined customs values unilaterally and without considering the views of stakeholders and which resulted in devastating effect on the legal imports by commercial importers. The department issued valuation ruling without taken into consideration of international prevailing prices of relative raw material. The petitioners / importers gave a proposal for determination of customs values which was even lower than the previous valuation ruling No. 480/2012 dated 23-10-2012. On the other hand the department has increased the previous values relatively by 20% to 25% after a four years gap.
The director general said: “In view of the above, I have deliberated on the case record as well as verbal and written arguments put forth by the petitioners. The arguments of the petitioners carry no weight as the values of the zipper sliders have been determined in accordance with the law considering all aspects. Therefore, the Valuation Ruling No. 889/2016 issued on August 22, 2016 is upheld and revision petition is rejected.”
