KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has issued Order-in-Revision No. 273/2016 under section 25-D of the Customs Act, 1969 against Valuation Ruling No. 931/2016, pertaining to sub-meters, issued on September 21, 2016. The revision petition was filed by M/s MAS Enterprises.
The petitioner stated that the values given in valuation ruling are exaggerated, grossly overvalued and without any substantial support / proof, which are badly affecting commercial interests. All commercial importers have stopped further imports until fair values are determined.
The petitioner also said that imported sub-meters are simple in technology and used as sub-arrangement between power utility consumer and his sub user. These are 180 degree different in nature and prices viz a viz meters being approved by power distribution companies and are being procured from local assemblers/manufacturers.
The impugned valuation ruling has harassed commercial importers who find in no way commercially viable import of this category and resultantly illegal import will thrive at the cost of legitimate import, causing loss of millions of rupees to the national exchequer, added the petitioner.
The petitioner also requested the verification of his submissions through market surveys, adding that he had submitted the commercial samples for the convenience and better understanding of the product by the officials.
The Director General Customs Valuation in his order stated that the hearing in this case was fixed on November 9, 2016 and petitioner Mr Awais, the owner of MAS Enterprises appeared. He contended that single phase meters were clear vide valuation ruling No. 565/2013 at $2.37/pc, non-digital at $4.00/pc and digital meters at $8.00/pc. He said that he was willing to surrender goods at his value.
The respondent department said that quotations were received from the market but the meters were big and approved by KESC and WAPDA. In case, the manufacturers such as M/s Syed Bhai, PEL, Siemens and Micro Tech are unable to supply meters, the KESC and WAPDA direct their consumers to buy meters themselves from the market. The revision was filed by the present importer only. No other importer filed the revision application.
In view of the situation, the customs values of S.No.2 – 4 were determined after examining the import data and market inquiry and analyzing all information for 3 categories. However, the values of single phase non-digital mechanical electricity meters given at S.No. 01 needed revision and their value is fixed at $2.50/pc and $4/pc for China and other origins, respectively.
