KARACHI: The Directorate General of Customs Valuation has revised the customs values of automotive oil filter and air filter Denso brand (genuine parts) through Valuation Ruling No 1163/2017 under Section 25A of the Customs Act, 1969.
According to details, a representation was received from M/s Indus Motors that oil filter and air filer of Denso brand (genuine parts) are being cleared by mis-declaration of their values. Therefore, the Directorate General initiated an exercise under Section 25-A of the Customs Act, 1969 to determine the customs values of the subject goods
Meeting was held on 21-03-2017, with the representatives of M/s Indus Motor Co, Ltd., Karachi, M/s. Pak Suzuki Motor Co (Pvt) Ltd., PAAPAM and importers. They were requested to submit import invoices of the last three months, showing factual values. Websites, names and e-mail addresses of known foreign manufacturers of the item in question should also be mentioned to ascertain the actual current values of the subject goods. They were also asked to submit copies of contracts made / LCs opened during the last three months, showing the value of the items in question as well as the copies of sales tax invoices 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.
M/s. Indus Motor Co, Ltd., Karachi submitted import invoices, copies of GDs, Packing list, representative samples, working proposal in support of their contention and other relevant requisite import documents. No any other stakeholder submitted their documents therefore matter could not be pended after lapse of considerable time.
Method adopted to determine Customs values: Valuation methods given in Section 25 of the Customs Act, 1969 were applied sequentially to address the valuation issue at hand. Transaction value method provided in Section 25 (1) of the Act ibid was found.
