KARACHI: The Directorate General of Customs Valuation has revised the customs values of cooking range hood/chimney vide Valuation Ruling No 1170/2017 under Section 25A of the Customs Act 1969.
Custom’s values of cooking range hood/chimney were determined under Section 25A of the Customs Act 1969, vide Valuation Ruling No.407/2011, dated 23-12-2011. 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 cooking range hood/chimney. Meetings with stakeholders were held on 14-02-2017 and 24-05-2017. 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 meeting. During the course of the meeting, the stakeholders claimed that the values of cooking range hood/chimney of China origin have not increased in the international market as compared to the values determined in the valuation ruling of 25-A.
They were requested to submit import invoices, sales tax invoices, literature, evidences and other relevant requisite import documents in support of their contentions. But they failed to provide any document or evidence to substantiate their contentions.
Method adopted to determine Customs values: Valuation methods given in Section 25 of the Customs Act, 1969 were followed to arrive at customs values of Cooking Range Hood/Chimney. Transaction value method provided in Section 25 ( ) was found inapplicable owing to wide variation in the values being declared to the customs. Identical / similar goods value methods provided in Section 25 (5) & (6) were examined for applicability to the valuation issue in the instant case which provided some reference values of the subject goods but the same could not be exclusively relied upon due to wide variation in declared values of subject goods.
Thereafter, market enquiry as envisaged under section 25(7) of the Customs Act, 1969, was conducted. For the purpose, different markets were surveyed repeatedly.
