KARACHI: The Directorate General of Customs Valuation revised the customs value of tablets through Valuation Ruling No 1066/2017 under Section 25A of the Customs Act, 1969.
According to details, the Directorate General issued VDB values of different brands of tablets vide VDB letter No. 138 dated 30-12-2016, VDB Nos.150, 151, 152 and 153 dated 06-01-2017 and VDB No.169 dated 24-01-2017. Meanwhile, the Directorate General also initiated an exercise for determination of customs values of tablets of different brands.
Sources said that a meeting with stakeholders was held on 28-02-2017. 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.
However, no documents were submitted in the Directorate General on or before the said scheduled meeting. The valuation methods given in Section 25 of the Customs Act, 1969 were followed to arrive at customs values of tablets. Thereafter, market inquiry as envisaged under section 25(7) of the Customs Act, 1969, was conducted. For the purpose, different markets were surveyed repeatedly.
The computed value method as provided in Section 25(8) of the Customs Act, 1969, could not be applied as the conversion costs from constituent material at the country of export were not available. Online values of subject goods were also obtained. All the information so gathered was evaluated and analyzed for the purpose of determination of customs values.
Consequently, the Customs values of tablets have been determined under Section 25(9) of the Customs Act, 1969.
