KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has issued Order in Revision No. 251 (2016 under section 25-D of the Customs Act, 1969) against Valuation Ruling No.930/2016 dated 20-09-2016.
The revision petition was filed by M/s Dhanani Enterprises and others under section 25-D of the Customs Act, 1969 against customs value determined vide Valuation Ruling No. 930/2016 dated 20-09-2016 issued under section 25-A of the Customs Act, 1969 inter alia.
The revision petition and prayed that this authority would be pleased exercise of power envisaged under section 25-D of the Customs Act, 1969, your honor may set aside the impugned Valuation ruling, wherein determination of customs value without following the Spirit of law as having no legality.
The petitioner requested for revision of correct Valuation ruling on the following grounds as well as grant of interim relief for provisional release under Section 81 of the Customs Act, 1969, in the light of High Court’s judgment order dated 10-11-2015 vide CP No. D-6918/2015.
That the petitioner is a registered person and importer of ” abrasive grinding wheel, abrasive cutting disc” who is an affected and aggrieved person from impugned Valuation Ruling No. 930/2016 dated 20-09-2016 wherein customs value of subject goods has been determined for assessment vide Valuation Ruling No. 930/2016 dated 20-09-2016 are as, abrasive grinding wheel value fixed at $ 2.05 for China origin and $ 2.25 for other origin, secondly Abrasive Grinding Cutting Disc value fixed at $ 1.70 China origin and S 2.20 for other than China origin which much on higher side in the light of prices prevailing in the International market. Hence, this revision petition is being filed in exercise of Petitioner’s right to challenge the Ruling, determined under section 25-A of the Customs Act, 1969.
That in consequences of the impugned valuation ruling the actual declared transactional value is ranging from USS 0.55/Kg to USS 0.90/Kg. It is pertinent to mention here that previous valuation ruling No. 401/2011 dated 25-11-2011 were “abrasive grinding wheel, $ 1.50/kg China origin and US 1.80/kg other origin, and “abrasive grinding cutting Disc vt $ 1.27/kg China origin and $ 1.53 for other than China origin which were also on higher side when We compare with the current international prices.
