KARACHI: The Directorate General of Customs Valuation has revised the customs values of exhaust fans vide Valuation Ruling No 1174/2017 under Section 25A of the Customs Act 1969.
According to the details, it has been brought to the knowledge of this Directorate General that the exhaust fans are being imported under invoiced as compared to the prevailing prices in the international market. Therefore, the Directorate General initiated an exercise for determination of customs values of exhaust fans.
Meetings with stakeholders were held on 26-04-2017 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.
They were literature, evidences and other “r contentions. They provided Ion methods given in Section ms values of Cooking Range on 25 (1) was found inapplicable.
Thereafter, market enquiry as envisaged under section 25(7) of the Customs Act, 1969, was conducted. For the purpose, different markets were surveyed repeatedly. The computed value method as provided in Section 25(8) of the Customs Act, 1969, could not be applied as the conversion costs from constituent material at the country of export were not available. Online values of subject goods were also obtained. All the information so gathered was evaluated and analyzed for the purpose of determination of customs values.
