KARACHI: The Directorate General of Customs Valuation has revised the customs values of pharmaceutical raw material Tylosin Tartrate powder and Colistin Sulphate through Valuation Ruling No 1143/2017 under Section 25A of the Customs Act, 1969.
According to details, the customs values of pharmaceutical raw material Tylosin Tartrate powder and Colistin Sulphate is selected to determine the customs values under Section 25-A of Custom Act 1969 due to wide variation of declared and assessed values.
Therefore, to give level playing field to all importers, the Customs values of pharmaceutical raw material Tyrosine Tartrate powder and Colistin Sulphate are selected for determination for uniform application.
Meetings with all the stakeholders including importers and representatives from clearance Collectorates were held on 10-04- 2017 and 19-04-2017 to discuss the current international prices of the subject item.
The Customs Appraisement West Karachi provided the clearance data, the showing upward trend of the values of subject goods. The view point of all participants was heard in detail and considered to arrive at Customs values of Pharmaceutical raw material Tylosin Tartrate Powder and Colistin Sulphate.
Method adopted to determine Customs values: Valuation methods provided in Section 25 of the Customs Act, 1969 were duly applied in their regular sequential order to address the particular valuation issue at hand. The transaction value method as provided in Sub-Section (1) of Section 25, found inapplicable in light of the wide variety of invoices submitted at import stage the veracity of which could not be ascertained fully, hence requisite information required under law was not available to arrive at the correct transaction value. Identical / similar goods value method provided vide Sub-Sections (5) & (6) of Section 25 ibid were examined for applicability to determine Customs value of subject goods.
