KARACHI: The Directorate General of Customs Valuation has revised the customs values of networking cables vide Valuation Ruling No 1208/2017 under Section 25-A of the Customs Act, 1969.
Customs values of networking cables were determined under Section 25A of the Customs Act, 1969, vide Valuation Ruling No.1085/2017, dated 16-03-2017. A representation was received from importer/trader that the values as determined in Valuation Ruling might be revised as being older than 90 days in the light of order of the Sindh High Court in CP 6918 dated 13.11.2015.
Therefore, this Directorate General initiated an exercise for determination of customs values of networking cables. 3 Stakeholders’ participation in determination of Customs values: A meeting with stakeholders was held on 01-08-2017. Importers 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.
No documents were submitted in this Directorate General on or even after the said scheduled meetings.
During the course of meeting, stakeholders claimed that the Networking Cables of China origin have reduced in the international market as compared to the values determined in the existing valuation ruling.
The importers contested that price of Taiwan for Networking Cable and Fiber Optic Cable may not be included with those of European origins and these prices are in the range of China.
They were requested to submit import invoices, sales tax invoices, literature, evidences and other relevant requisite import documents in support of their contentions. They did not provide any documents or evidence to substantiate their contentions.
