KARACHI: The Directorate General of Customs Valuation has revised the customs value of Light Fittings/Fixtures and Parts Valuation Ruling No 1184/2017 under Section 25A of the Customs Act, 1969.
Customs values of light fittings/fixtures and parts thereof were earlier determined vide Valuation Ruling No.981/2016, dated 28-11-2016. M/s. Rajput Enterprise, filed Revision Petition under Section 25D of the Customs Act, 1969, before the Director General of Customs Valuation, which has been disposed of vide Order-in-Revision No. 316/2017, dated 16-03-2017.
Many importers filed appeals under Section 194-A of the Customs Act, 1969, against the Order-in-Revision, before the Customs Appellate Tribunal, Karachi. The tribunal set aside the Order-in-Revision and Valuation Ruling No.981/2016, dated 28-11-2016 vide order dated 24-04-2017.
As the previous valuation ruling needed revision in the light of above situation, an exercise was initiated to determine the customs values of Light Fittings/Fixtures and Parts thereof, with a view to reflect the current prices prevailing in the international market.
Stakeholders’ participation in determination of Customs values: Meetings with stakeholders were held on 13-04-2017 and 18-05-2017. The stakeholders were requested to bring documents to make the meeting fruitful.
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. The stakeholders did not submit the requisite documents except some import invoices. During the first meeting they requested that they had filed appeal against the Order in Revision No. 316/2017, dated 16-03-2017, before Customs Appellate Tribunal. So it was decided to wait for the outcome of the proceedings at the tribunal.
Second meeting was called after the orders of the tribunal dated 24.4.2017. The stakeholders contested the values determined vide ton Ruling No.981/2016, dated 28-11-2016, and requested for downward revision of values.
