KARACHI: Customs Valuation Director General Syed Tanveer Ahmed dismissed a petition of M/s Bicycle & Bicycle Spare Parts Importers Association against Valuation Ruling No.890/2016 by issuing Order-in-Revision No. 252/2016 under Section 25-D of the Customs Act, 1969.
According to the details, the petitioner stated that the respondent while framing the impugned valuation ruling, has frustrated the customs values of bicycle parts, established under Valuation Ruling No. 690/2014, dated September 23, 2014, determined under valuation method mandated, adding that the learned director of Customs Valuation issued the ruling for “bicycle parts” without lawful basis, hence, issued arbitrarily.
It was also stated that the said parts, under the earlier valuation ruling were categorized into two main groups such as (i) Bicycle component and parts of metal, and (ii) Bicycle component and parts whereas, the impugned valuation ruling has been framed for the description of each part.
The respondent requested to pass an order as to rescind the impugned valuation ruling and pass the directions to the officer concerned to determine afresh the values of “bicycle parts’ after giving due opportunity of being heard and to defend the case to the applicant association above-named.
It is submitted that before the re-determination of customs values of bicycle parts, the determined values of bicycle parts in Valuation Ruling 690/2014 were in two categories: (i) Bicycle components & parts of metal China > $1.15/kg, and (ii) Bicycle components & parts of rubber China > $0.85/Kg
After reviewing the arguments, DG Syed Tanveer Ahmed in his order stated, “I have gone through the factual and legal position. The customs values have been determined after following the valuation methods as envisaged under Section 25 read with section 25A of the Customs Act, 1969.
Petitioner has not submitted any tangible documents to justify their claim as per law. The values have been fixed after thorough market inquiry. Therefore, the consignments are liable to be assessed as per the determined values. The petition is dismissed and rejected accordingly.”
