KARACHI: Customs Valuation Director General Surriya Butt Saturday rejected revision of Valuation Ruling No.760 and 768/2015 and upheld the values of IV cannula, IV catheter and another value of polyester yarns, determined vide the said valuation ruling.
Source told Customs Today that M/s Advance Medical accessories and others importers approached Director General Customs Valuation praying that the Valuation Ruling No.760,768/2015 does not cover the present fluctuation of prices in international market which have been reduced to about half of the prices.
The Director General noted that importers had failed to prove with conclusive evidence that the values worked out in the impugned ruling were on higher side.
On the other hand, the department presented details of valuation exercise conducted to determine the value of IV, cannulla, IV catheter and another value of polyester yarns,
Perusal of case record and the defense of the department reveal that the Directorate of Customs Valuation while issuing the impugned valuation ruling associated the importers including the petitioners. Further, the values of subject goods have already been rationalized by the department while revising the previous valuation ruling and notifying the impugned ruling.
