KARACHI: The Directorate General of Customs Valuation has revised the customs values of polypropylene Flexible Intermediate Bulk Container jumbo, bags, and, BOPP, Laminated Woven Bags and Woven Bags through Valuation Ruling No 1077/2017 under Section 25A of the Customs Act, 1969.According to details,
According to the details, in exercise of powers conferred under Section 25-A of the Customs Act, 1969, Customs values of Flexible Intermediate Bulk Container (FIBC) Jumbo Bags (of capacity 200 Kgs and above), BOPP Laminated Polypropylene (PP) Woven Bags and Polypropylene (PP) Woven Bags of various origins arc determined as follows:
Consequent upon representation by local manufacturer M/s Grief Flexibles Pakistan (Pvt) ltd and importers like M/s SKM Enterprises, Karachi who referred to M/s Sadia Jabbar case, for revision of Valuation Ruling No. 837/2016 dated 20-04¬2016 after lapse of 90 days, an exercise was undertaken to re-determine the Customs Values of for Flexible Intermediate Bulk Container (FIBC) Jumbo Bags (of capacity 200 kilograms and above), BOPP Laminated PP Woven Bags and PP Woven Bags, in terms of Section 25-A of the Customs Act, 1969.
A meeting was held on 24-01-2017, with all the stakeholders including local manufacturers of subject goods and representatives of clearance Collectorate who participated in the meetings.
Method adopted to determine Customs values: ‘Valuation methods provided in Section 25 of the Customs Act, 1969 were duly applied in their regular sequential order to address the particular valuation issue at hand. The transaction value method as provided in Sub-Section (1) of Section 25 was found in a tin light of the wide variety of manipulated/fabricated and fake invoices produced at import stage, hence requisite information required under law was not available to arrive at the correct transaction value. Identical / similar goods value method provided vide Sub-Sections (5) & (6) of Section 25 ibid were examined for applicability to determine Customs value of subject goods, this data provided some references.
