KARACHI: The Directorate General of Customs Valuation has revised the customs value of air conditioners through Valuation Ruling No 1053/2017 under Section 25A of the Customs Act, 1969.
According to details, Customs values of split type air conditioners were determined under Section 25A of the Customs Act, 1969, vide Valuation Ruling No.840/2016, dated 21-04-2016. Also reference values of portable air conditioners were notified vide VDB letter No. 75 dated 11.11.2016.
The valuation ruling required revision in line with the prevailing prices in the international market. Therefore, this Directorate General initiated an exercise for determination of customs values of all types of Air conditioners. Meetings with stakeholders were held on 03.02.2017 and 09-02-2017. Importers had been 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 that the benefit of difference in price is passed on to the local buyers.
No documents were submitted in this Directorate General on or even before the said scheduled meetings. During the course of the meeting, the stakeholders claimed that the values of split type Air conditioners of China origin have actually reduced in the international market as compared to the values determined in the existing valuation ruling therefore, the values needed downward revision. They were requested to submit import invoices, sales tax invoices, literature, evidences and other relevant requisite import documents in support of their contentions. They did not provide any document or evidence to substantiate their contentions.
