KARACHI: Directorate General of Customs Valuation revised the customs values of uninterruptible power supply (UPS) through Valuation Ruling No: 1322/2018 under Section 25-A of the Customs Act-1969.
The customs values of UPS were determined vide valuation ruling No.831/2016 dated 14.04.2016.
Representations were received in the Directorate General for re- determination of custom values of UPS due to change in technology and introduction of new series in various brands affect the price in the international market and since the valuation ruling is more than two years old and do not reflect the current international prices.
Therefore, an exercise was initiated to determine the customs values of Uninterruptible Power Supply (UPS) afresh under Section 25-A of the Customs Act, 1969 in light of prevailing international prices.
A number of stakeholders meetings were held on 31.01.2018, 14.02.2018 and 01.08.2018 in the Directorate General with importers and representatives of field formations. The importers were requested to submit invoices of imports during last three months showing factual value.
Websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained.
Copies of contracts made /LCs opened during the last three months showing the value of item in question. Copies of sales tax invoices issued during last four months showing the values of supplies ‘excluding duty and taxes to substantiate their contentions.
The representatives of M/s Power Zone, M/s Continental Establishment, M/s Mansha Brothers, M/s Best Power, M/s Pioneer System, M/s M.N. Electric, M/s AES Technologies, M/s Computer Marketing Co., M/s Makkays, besides others, appeared during the course of stakeholders meetings. Representatives of clearance Collectorates also attended the meetings.
During the course of meetings the importers stated that prices of UPS have decreased internationally due to commonness of technology. They further stated that new series Symmetra of Schneider and APC may be inserted in the new valuation ruling.
They further contended that since some models of APC brand have been inserted in category A similarly some expensive models of other branded UPS may be also be determined accordingly. The importers of “B”& “C” categories stated that the prices of commodities worldwide have reduced, therefore, difference in customs values of those of B and C category may be rationalized.
