KARACHI: Director General Customs Valuation Syed Tanveer Ahmed issues Order in Revision No.288/2017 under section 25-D of the Customs Act, 1969 against Valuation Ruling No.946/2016 dated 05-10-2016; the revision petition was filed by M/s Fair Marketing Pakistan.
According to the details, being aggrieved and dissatisfied with the Valuation Ruling No.625/2013, issued by the above named respondent vide reference No. Misc/17/2013-I dated 23.12.2013, the applicant challenges the said valuation ruling on the consideration of following facts and founds inter alia the grounds, which shall be raised at the time of hearing of this review petition.
Applicant stated that they are regular importer of the confectionary items and a transparent import of the applicant is evident from the recently passed import. In the recent past, the applicant declared its consignments at US$0.50/kilogram in accordance with the commercial invoice etc, some of which have/had been assessed at US$.0.60/kilogram to US$0.70/kilogram.
It is specifically averred that enhancement of US$.0.10/Kg to US$.0.20/kilogram was unjustified and the department had never prescribed any reason of such enhancement but the applicant did not agitate, keeping in view that ultimately the amount paid by the applicant shall be credited to the national exchequer. The above described facts require immediate attention and kind perusal of this authority, hence this review petition.
Director General Customs Valuation in his order stated that the case record and written as well as verbal submissions of the petitioners were examined in detail. The petitioner along with advocate Muhammad Rafi Kamboh and clearing agent Muhammad Abrar appeared. They challenged the customs value determined at S.No.1, 3, 4 and 08 of the Valuation Ruling No.946/2016 dated 05-10-2016.
After conducting fresh market inquiry the prices obtained worked out by work back method under Section 25(7) of the Customs Act, 1969. The market inquiry so conducted supports the petitioner’s point of view. Therefore, the arguments of the importer have been considered.
Keeping in view that the subject items are perishable and certain portion of these .42 “۔۔۔ items becomes unfit for human consumption if not sold in time hence not fetch normal price in the market and likely to be disposed off instead of normal sale.
The factual position was ascertained after conducted market survey and observed that the items are being sold on lesser prices in local market. Therefore, the customs values of euro cake are hereby revised.
