KARACHI: The Directorate General of Customs Valuation has revised the customs values of sodium alginate PCT 3913.1000 through Valuation Ruling No 1130/2017 under Section 25A of the Customs Act, 1969.
According to details, the customs value of sodium alginate was earlier determined vide VDB No.229/2017 dated, 02.03.2017. Representations were received from commercial importers, for determination of customs value of sodium alginate afresh.
A meeting of all the stakeholders, including importers, Pakistan Chemical and Dyes Merchant Association (PCDMA), and representatives from clearance collectorates, was held on April 7, 2017 to discuss the current international prices of the subject items. The commercial importers stated that the prices of subject item depend upon the CPS (Centi Poise/Second) values, therefore, they requested to determine the prices as per CPS value which was duly supported by the (PCDMA). The view point of all participants was heard in detail and considered to arrive at Customs value of sodium alginate different CPS value.
Valuation methods provided in Section 25 of the Customs Act, 1969 were duly applied in their regular sequential order to address the particular valuation issue at hand. The transaction value method as provided in Sub-Section (1) of Section 25, found inapplicable in light of the wide variety of invoices submitted at import stage the veracity of which could not be ascertained fully, hence requisite information required under law was not available to arrive at the correct transaction value. Identical / similar goods value method provided vide Sub-Sections (5) & (6) of Section 25 ibid were examined for applicability to determine customs value of subject goods, this data provided some references. However, it was found that the same cannot be solely relied upon due to the absence of absolute demonstrable evidence of qualities, and quantities of commercial level etc.
