KARACHI: The Directorate General of Customs Valuation has revised the customs value of portable/ window type air conditioners Valuation Ruling No 1176/2017 under Section 25-A of the Customs Act, 1969.
Customs values of portable/ window type air conditioners were determined, under Section 25-A of the Customs Act 1969, vide Valuation Ruling No.1053/2017, dated 23-02-2017 (Annex B). Several importers filed Revision Petitions under section 25-D of the Customs Act, 1969 before the Director General of Customs Valuation.
The Director General directed vide Order in Revision No. 343/2017 dated 24-05-2017 that Customs values for window type and tropical multi system/ductless air conditioners be re-determined and notified within three weeks of the issuance of the Revision Order. Therefore, this Directorate General initiated an exercise for determination of customs values of Portable/ Window type air conditioners.
Meeting with stakeholders was held on 06.06.2017. Importers had been 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.
During the Revision proceedings and during the course of the meeting, the stakeholders agitated that Values determined vide the Valuation Ruling No.1053/2017, dated -02-2017 were higher than the transaction values. They submitted some import invoices sales vouchers in support of their contentions. They presented clearance data wherein y were clearing goods at much lower values (as low as 120$/1.5 tons and 2 tons) before he issuance of Valuation Ruling No.1053/2017 dated 23-02-2017.
