KARACHI: The Directorate General of Customs Valuation has revised the customs value of (low end brands) ladies undergarments (brassier) of poly cotton blend through Valuation Ruling No 1122/2017 under Section 25A of the Customs Act, 1969.
According to the details, Valuation Directorate had earlier conducted an audit of clearance values of the subject goods and found the same to be on the lower side, in comparison with the international trading and national selling prices. In the previous 90 days data, majority of the under reference imported goods from China were being cleared at rates vitiating from US $ 0.0173/Kg to around US $ 4.00/Kg (but generally without declaring whether in bales or in individual retail packing mode).
As an immediate remedial measure this Directorate General of Customs Valuation had issued a Valuation Database Value Vide VDB Letter No. 203 dated 28.02.2017, based on market surveys of retail packed subject goods as available in marketplace. Subsequently, numbers of importers filed representations for revisiting the VDB value as they claimed that the values are on higher side, compared to actual purchase prices.
The importers insisted that the market survey conducted was from retail outlets and therefore must be done afresh from wholesale markets. An exercise was thus undertaken to determine the Customs Values of subject goods under section 25-A of the Customs Act, 1969 and therefore, converting the VDB value into a Valuation Ruling.
A meeting was held on 22-03-2017 with stakeholders including importers, who are importing Ladies undergarments (brassier), stated that they are importing these goods from different origins in different packing’s. Their main stress was that the value mentioned in the VDB No. 203 dated 28-02-2017 are much higher than their declared values as they import lower end brand goods, whereas, the values mentioned in VDB is for higher brand brassier, therefore, they are facing hardship at import clearance stage, moreover, the goods are imported in P.P bags / bales and in retail packing of per P.O. Box. VDB is silent regarding packing-modes of these goods. The points raised by stakeholders were tabled and deliberated upon in light of data /information available on record.
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