KARACHI: The Directorate General of Customs Valuation has revised the customs value of vegetable parchment, grease proof paper, glazed tracing paper and glassine paper through Valuation Ruling No 1251/2017 under Section 25A of the Customs Act, 1969.
The customs values of grease proof paper, glazed tracing paper and glassine paper were determined under Section 25A of the Customs Act, 1969 vide Valuation Ruling No.1080/2017 dated 14-03-2017. However, some importers filed revision petitions under Section 25D of the Customs Act, 1969, before the Directorate of Customs Valuation, who remanded the case back vide Order-in-Revision No.358, dated 12-06-2017.
Therefore, an exercise was initiated to determine the customs values of aforementioned goods under section 25 A of the Customs Act, 1969.
The stakeholders’ meeting was scheduled on 18.01.2018. They were requested to furnish the 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 and LCs opened during the last three months showing the value of items in question.
Copies of sales tax invoices issued during last three months showing the difference in price (excluding duty and taxes) to substantiate their contentions.
The meeting was attended by importers, traders and representatives of All Pakistan Paper Merchants Association. They were of the view that the prices should be determined as per description given in the Pakistan Customs Tariff keeping in view current market trends.
