KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 812/2016 on 30th of November, it is learnt.
Director General Surriya Butt said the department was reviewing suggestions from importers to set new prices of tyres and tubes. She said that some valuations, issued in 2015 and 2016, were being reviewed from the beginning.
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Moreover, the valuations will be set in view of the rising prices in the international markets. Sources told that a petition was submitted by the importers to Customs Valuation in which change in prices of tyres & tubes was requested.
Sources said the Valuation Ruling No: 812/2016 was issued on January 28, 2016. A meeting was held with the stakeholders on November 10, 2017.Importers were told to furnish the import invoices of the last three months showing factual values as well as websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value could be ascertained.
