KARACHI: The Directorate General of Customs Valuation has revised the customs values electric rechargeable shaver through Valuation Ruling No: 1292/2018 under Section 25A of the Customs Act-1969.
The customs values of electric rechargeable shaver were determined vide valuation ruling No.980/2016 dated 28.11.2016. A number of representations were received to determine the values of electric rechargeable shaver in accordance with the prevailing international prices.
Therefore, an exercise was initiated to determine the customs values of electric rechargeable shaver afresh under Section 25A of the Customs Act, 1969.
The representatives of importers appeared during the course of stakeholders meetings. Representatives of clearance Collectorate also attended the meetings. The importers were 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 values of supplies (excluding duty and taxes) to substantiate their contentions.During the course of meetings, the stakeholders submitted that the determined values of branded electric rechargeable shaver is on higher side and are not compatible with international market. They also submitted import documents, invoices and other relevant documents to substantiate their contentions. Certain importers asked for time to submit documents to substantiate their contentions but in spite of lapse of considerable time, no additional record has been furnished.
