KARACHI: The Directorate General of Customs Valuation has revised the customs value of assorted medical items/equipment-II through Valuation Ruling No 1062/2017 under Section 25-A of the Customs Act, 1969.
This Directorate General has earlier circulated VDB values of different medical items/equipment vide Valuation Data Base Letter Nos.180/2017, 181/2017, 182/2017, 188/2017, 189/2017, dated 03-02-2017 and 11-02-2017, respectively. However, some importers approached this Directorate General and requested revision of certain VDBs. Therefore, this Directorate General initiated an exercise for determination of customs value for the subject goods.
Meeting with stakeholders was held on 28-02-2017. 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 that the benefit of difference in price is passed on to the local buyers.
The representatives of Pakistan Chemist and Druggists Association and many importers attended the meeting. The Association and importers agreed with most of the prices circulated vide VDBs as reflective of traded values. However, agitating on few items some importers claimed that the circulated customs values were on higher side, whereas as per their claim, there was a downward trend in prices in the international market. However they did not submit any corroboratory document/evidence in support of their contentions. All the items’ values were discussed one by one in detail.
Valuation methods given in Section 25 of the Customs Act, 1969 were followed to arrive at customs value of different types of Medical items/Equipment-II.
