KARACHI: The Directorate General of Customs Valuation revised the customs value of Sorbitol powder pharmaceutical & industrial grade and Sorbitol solution 70% non-crystalline grade through Valuation Ruling No 1057/2017 under Section 25A of the Customs Act, 1969.
According to details, the custom values of the Sorbitol powder pharmaceutical & industrial grade and Sorbitol solution 70% non-crystalline grade were earlier determined vide VDB No. 130/2016 dated 20.12-2016. However several representations were received from commercial importers and Local manufacturers for determination of customs value of Sorbitol powder pharmaceutical & industrial grade and Sorbitol solution 70% non-crystalline grade afresh considering the current international prices.
Sources said that a meeting with all stakeholders including importers, local manufacturers and representatives from clearance Collectorates, was held on 22.02.2017 to discuss the current international prices of the subject item.
The Local manufacturers M/s Habib ADM Limited stated that Sorbitol solution 70% non-crystalline grade is being dumped into Pakistan to inflict serious injury to the local Industry.
Therefore National Tariff Commission imposed anti dumping duty on imports from several countries i.e. India, Indonesia and France. They further stated that export prices of subject item to other countries from afore mentioned countries is much higher than the prices on which the same item being imported into Pakistan.
They requested to uphold the prices determined vide VDB No. 130/2016 dated 20.12-2016 being correct and genuine.
On the other hand the commercial importers stated that they are importing the goods on prices being offered for Pakistan in the international markets and there is no question of under valuation.
