KARACHI: The Directorate General of Customs Valuation has revised the customs values of one side coated duplex board (grey back) 300 GSM & above and one side Coated Duplex Board (other than grey back) Valuation Ruling No 1191/2017 under Section 25-A of the Customs Act, 1969.
The Customs values of one side coated duplex board (grey back) 300 GSM and above and one side coated duplex board (other than grey back) were determined vide Valuation Ruling No.827/on June 4, 2016. It was deemed expedient to revisit the values so as to ensure that the customs values were in line with prevalent prices in the international market. Hence, an exercise was undertaken to re-determine the customs values of the subject goods under Section 25-A of the Customs Act, 1969.
Stakeholders’ meeting was scheduled on 14.06.2017 which was postponed on the request of the importers and fixed on 05.07.2017. All participants were requested to submit the 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 three 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 meeting was attended by importers, representatives of All Pakistan Paper Merchants Association and local manufacturers. The matter was discussed at length and the import evidences/invoices available on record were shown to importers. Some importers mitted their invoices, the other requisitioned documents were however not submitted by the participants. Prices published on international websites also discussed with the participants.
