KARACHI: The Directorate General of Customs Valuation revised the customs values of puff/sponge for face/makeup/powder through Valuation Ruling No 1138/2017 under Section 25A of the Customs Act, 1969.
According to details, it has been observed that the puff/sponge for face/makeup/powder are being assessed at different customs values at different customs stations. For the purpose of uniform assessment, the Directorate General initiated an exercise for determination of customs values of the subject goods.
A meeting with stakeholders was held on 19-04-2017and the importers were 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 and 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 importers abstained from attending the scheduled meetings. No documents were submitted in the Directorate General on or even after the said scheduled meeting.
Valuation methods given in Section 25 of the Customs Act, 1969 were followed to arrive at value of puff/sponge for face/makeup/powder. Transaction value method provided in Section 25 (1) was found inapplicable owing to wide variation in the values being declared to the customs and incomplete descriptions.
