KARACHI: Directorate General of Customs Valuation issues Order in Revision against Valuation Ruling No.869/2016 dated 10-06-2016 under section 25-D of the Customs Act, 1969.
M/s Ashfaq Brothers and Others filed petition versus Director, Customs Valuation, Karachi. The revision petitions was filed under section 25-D of the Customs Act, 1969 against customs value determined vide Valuation Ruling No.869/2016 dated 10-06-2016 issued under section 25-A of the Customs Act, 1969.
According to the details, the petitioner is engaged in the regular import of gasoline (petrol) generators of various brands, including ‘Loncin’, from China. The petitioner enjoys an impeccable reputation in the trade, and is renowned for the scrupulous discharge of its obligations under the various laws of Pakistan, including all revenue laws. The petitioner contributes substantial amount of revenue to the national exchequer on a regular basis.
That the respondent director has been entrusted by the legislature, through the enactment of section 25A of the Customs Act, 1969, to diligently, efficiently and properly exercise the powers contained therein for the lawful determination of customs values of goods imported into Pakistan. The petitioner is seriously aggrieved by the acts of the director, whereby it has unlawfully, arbitrarily, and in contradiction with the dictates of Sections 25 and 25A of the Customs Act, 1969, determined the value of generators of China origin vide Valuation Ruling No. 869 of 2016. The respondent director has acted in grave violation and excess of the powers conferred thereupon and, through its actions, is causing serious harm and loss to the petitioner.
Valuation ruling was determined strictly keeping in view the method laid down in Section 25 of Customs Act, 1969, association of all stakeholders by convening meeting, by conducting local market inquiries as well as information gathered from the different suppliers of China.
