KARACHI: The Directorate General of Customs Valuation has revised the customs values of biscuits Valuation Ruling No 1162/2017 under Section 25-A of the Customs Act 1969.
According to the details, customs values of various types of Biscuits from different origins were determined vide Valuation Ruling No. 838/2016 dated 20.04.2016 and those of Danish Cookies were circulated vide VDB No.57/2016 dated 19.10.2016. Some importers filed applications before the Director Valuation, Karachi, for re-determination of values in the light of orders of the Sindh High Court, in C.P. No. 6918/2015 (M/s Danish Jehangir). Hence an exercise was initiated by the Directorate General to determine the customs values afresh.
A meeting was scheduled on 11-05-2017 with stakeholders and importers of subject goods which was attended by representatives of clearance Collectorate also. All stakeholders were requested to submit invoices of imports during last three months showing factual values.
The importers / stakeholders contended that market surveys were earlier conducted from high end retail outlets and requested that different markets be consulted for the survey of subject goods. They further insisted that subject goods were actually being purchased / imported at much lower values than those determined vide Order-in-Revision No. 233/2016 dated 18.08.2016. The importers insisted that since the subject goods are mainly being sold at super and general store, therefore, a lot more expenses (breakage due to shifting from place to place, expiry, self-rent, marketing expenses) etc. are incurred thus increasing their retail price. The view point of all stakeholders was considered before arriving at customs values of biscuits.
