KARACHI: Directorate of Customs Valuation has revised the customs values of mosquito (polyester/nylon) knitted dyed fabric vide Valuation Ruling No 1017/2017.
According to details Directorate General of Customs Valuation received credible information that polyester ladies net fabric of Valuation Ruling No.784/2015 dated 30.12.2015 is being mis-declared and cleared under the garb of mosquito (polyester/nylon) knitted dyed net fabric on the lower values under different HS Codes. Therefore, an exercise was carried out for determination of fair value of mosquito (polyester/nylon) knitted dyed net fabric as per prevailing international prices. In the light of forgoing, an exercise was undertaken by this Directorate General to determine the fair values of mosquito (polyester/nylon) knitted dyed net fabric according to trends prevailing in the current international market.
A meeting for the determination of custom values of mosquito (polyester/nylon) knitted dyed net fabric with the stakeholders was conducted on 18.1.2017, wherein the matter was discussed in detail wherein the importers stated that the prices of mosquito (polyester/nylon) knitted dyed net fabric have came down in the international market. It was further contended that the subject items are frequently being imported by the importers as an independent articles with slight variations of prices as per the different grams (weight per square meter). Mosquito (polyester/nylon) knitted dyed net fabric ranges from 20 to 30 grams per square meter. Whereas, ladies net fabrics may carry weight above 30 grams (weight per square meter).
Furthermore, the importers submitted their import documents in support of their contention and requested to accept their transaction values. All the participants were requested to submit the following documents so that correct customs values could be determined.
