KARACHI: The Directorate General of Customs Valuation has revised the customs value of inedible tallow vide Valuation Ruling No 1249/2017 under Section 25A of the Customs Act, 1969.
Earlier customs values of inedible tallow were determined vide Valuation Ruling No. 1128/2017 dated 14-04-2017. However, various representations were received from the importers of the subject good from India and Pakistan Soap Manufacturers Association, wherein they requested this Directorate General for the revision and rationalisation of the existing valuation ruling, especially with reference to Indian origin tallow. Therefore, this Directorate General initiated an exercise for re-determination of the customs value of the subject goods.
A meeting with stakeholders was held on 15-11-2017. The stakeholders were requested to furnish invoices of imports during the last three months showing factual values.
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 contentions.
The commercial importers of Inedible Tallow Indian origin, and representatives from Pakistan Soap Manufacturer Association and field formations attended the meeting.
The commercial importers and representatives from Pakistan Soap Manufacturer Association agitated on the determination of customs values vide the impugned Valuation Ruling. Their main thrust was on the customs values of tallow imported from India.
They emphasized that their declared values are true and correct which can be easily verified from the Web Site “Ice Gate” as on their invoices, shipping bill number/date and port of shipment” is invariably mentioned. They further stated that same value is also mentioned on SAFTA Certificate of origin. They requested that determination of customs value of Indian origin is not tenable as correct transaction values are being declared to Customs.
