KARACHI: The Directorate General of Customs Valuation has revised the customs value of zip sliders/zip runners through Valuation Ruling No 1233/2017 under Section 25A of the Customs Act, 1969.
Earlier customs values of zip sliders/zip runners were determined vide Valuation Ruling No.889/2016 dated 27.07.2016. Representations from local manufacturers M/s Lucky Zippers Industry were received wherein they stated that the price of zinc has increased in the international market therefore, the value of the subject goods, especially zinc sliders need to be realigned with international values. Therefore, this Directorate General initiated an exercise for re-determination of custom values of Zip Slider/Zip Runners (low end brands).
Meeting with stakeholders was held on 09.11.2017. The stakeholders 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.
Copies of sales tax invoices issued during last four months showing the difference in price (excluding duty and taxes) to substantiate their contentions.
