KARACHI: The Directorate General of Customs Valuation has revised the customs values of dyes Valuation Ruling No: 1274/2018 under Section 25A of the Customs Act-1969.
Earlier the customs values of different dyes were determined vide Valuation Ruling No. 174/2009 dated 28.10.2009. The existing valuation ruling is more than eight years old, and it required to be revised in line with the prevailing prices in the international market, therefore, this Directorate General initiated an exercise for determination of the customs values of dyes in terms of Section 25-A of the Customs Act, 1969.
Stakeholder’s participation in determination of Customs values: Meetings with stakeholders including importers, representatives from Pakistan Chemicals and Dyes Merchants (PCDMA) and representatives from field formations were held on 27-02-2018, 30-8 and 13-03-2018, to discuss the prices of the subject goods. The importers / stakeholders re requested to submit 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 contention.
During the meetings, the representatives of Pakistan Chemical and Dyes Merchants Association stated that there is vast variation in prices depending upon concentration of the dyes.
