KARACHI: The Directorate General of Customs Valuation has revised the customs value of disposable razors and razor parts Valuation Ruling No 1179/2017 under Section 25A of the Customs Act, 1969.
Earlier this Directorate General had conducted an audit of clearance values of subject goods and found the same to be on lower side in comparison with the international trading prices and the local selling prices.
As an immediate remedial measure, this Directorate General circulated customs value of Safety Razor Chinese origin as one of the risk assessment measures vide Valuation Database letter No.206 dated 28-02-2017.
Representation was received from a number of importers that they sought reduction of assessable value vide a valuation ruling so that uniform application of values could be affected without any discrepancies.
Further , reference was also received from MCC Peshawar that basis keeping in view the inferior and common quality / kind of disposable safety razors being imported, the said VDB-206 may be revised downward proportionately on average basis or may be structured in such a manner to reflect quality wise fair and objective customs values in order to obviate the menace of smuggling and mis-declarations.
Therefore this Directorate General initiated an exercise under section 25A of the Customs Act, 1969 for determination of customs values of disposable Razors and Razor Parts including cartridge only , safety razor handle without cartridge or blades .
Stakeholders’ participation in determination of customs values: Meetings were held with the importers on 22-05-2017 and 07.06.2017. All the stakeholders were requested to ..z.,submit the following documents so that correct customs values could be determined Invoices of imports during last three months showing factual value.
Websites, names and e-mail addresses of known foreign manufacturers of the item 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.
