KARACHI: The Directorate General of Customs Valuation has revised the customs value of non-carbon releasing paper, art card/coated board/paper and light weight coated papers Valuation Ruling No 1205/2017 under Section 25A of the Customs Act, 1969.
According to the details, the customs values of non-carbon releasing papers, art card/coated board/paper and light weight coated papers were determined under Section 25A of the Customs Act, 1969, vide Valuation Ruling No.826/2016 dated 06-04-2016.
A representation was submitted by All Pakistan Paper Merchants Association, Karachi with the request that the existing valuation ruling needs revision as the current prices have increased in the international market.
Hence, Directorate General Customs Valuation initiated an exercise for determination of customs values of the subject goods. The stakeholders were requested to furnish invoices of imports during last three months showing factual value.
Websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained.
Copies of contracts made / LCs opened during the last three months showing the value of item in question. Copies of sales tax invoices issued during last four months showing the difference in price (excluding duty and taxes) to substantiate that the benefit of difference in price is passed on to the local buyers.
Request was received for adjournment of the scheduled meeting, however, the All Pakistan Paper Merchants Association vide letter No.APPMA/CS/17/361, dated 28-08-2017 requested that the letter for adjournment be considered null and void. All Pakistan Paper Merchants Association, Karachi and importers attended the meeting. The stakeholders were of view that the prices have increased in the international market and requested that the customs values should be re-determined as per the prevailing prices. The documents requisitioned were not submitted by most of the stakeholders.
