KARACHI: The Directorate General of Customs Valuation has revised the customs values of lawn tennis balls through Valuation Ruling No 1149/2017 under Section 25-A of the Customs Act, 1969.According to details.
The customs values of lawn tennis balls were determined under Section 25A of the Customs Act, 1969 vide Valuation Ruling No.1046/2017 dated 15-02-2017. Some importers filed Revision Petitions under Section 25-D of the Customs Act, 1969, before the Director General of Customs Valuation, which have been remanded back by the Director General vide Order-in-Revision No.327, dated 12-04-2017.
Hence this Directorate General initiated an exercise for determination of customs values of the subject goods. Meetings with stake-holders held on 24-04-2017 and 2-05-2017. The stakeholders were requested to furnish invoices of imports during last three months, showing factual value as well as websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained. They were also asked to submit copies of contracts made or LCs opened during the last three months showing the value of item in question as well as 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.
During the meetings the stakeholders, reiterated their submissions made in the revision petitions filed against Valuation Ruling No.1046/2017 dated 15-02-2017. However, they did not furnish any corroboratory document in support of their contention.
Method adopted to determine Customs values: Valuation methods given in Section 25 of the Customs Act, 1969 were followed to arrive at customs value of lawn tennis balls.
