KARACHI: The Directorate General Customs Valuation Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 878/2016 on May 14, 2018, it is learnt.
Surriya Butt said the department is reviewing suggestions from various importers to set the new prices of different kind of blankets. She said that some valuations were issued in 2016 which are being reviewed from the beginning. Moreover, the valuations will be set in view of the rising prices in the international market.
Sources told Customs Today that a petition was filed with the Customs Valuation in which change in prices of different kinds of blankets was requested.
Sources said that the Valuation Ruling No: 878/2016 was issued on June 27, 2016. A meeting was held with the stakeholders on Thursday, March 29, 2018.
The importers were advised 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.
Source said director general custom valuation has decided that only few application of importers will be consider after 17th May, because of Ramzanul Mubarak.
