KARACHI: The Directorate General of Customs Valuation has revised the customs values of weighing scales through Valuation Ruling No 1180/2017 under Section 25A of the Customs Act, 1969.
According to the details, the Directorate General has issued VDB value of digital mini electronic kitchen weighing scales (low end brands) vide VDB letter No. 116 dated 05-12-2016. Meanwhile, this Directorate General also initiated an exercise for determination of customs values of Weighing Scales (Low end brands) under section 25-A of the Customs Act, 1969.
Meeting with stakeholders was held on 01-03-2017 and 17-05-2017. Importers had been requested to furnish the following documents before or during the course of meeting.
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 difference in price (excluding duty and taxes) to substantiate that the benefit of difference in price is passed on to the local buyers.
No documents were submitted in this Directorate General on or before the said scheduled meeting. Valuation methods given in Section 25 of the Customs Act, 1969 were followed to arrive at customs values of weighing scales (low end brands).
Transaction value method provided in Section 25 (1) was found inapplicable owing to wide variation in the values being declared to the customs. Identical / similar goods value methods provided in Section 25 (5) & (6) were examined for applicability to the valuation issue in the instant case which provided some reference values of the subject goods but the same could not be exclusively relied upon due to wide variation, in declared values of subject goods.
Online values of subject goods were also obtained. Thereafter, market enquiry as envisaged under section 25(7) of the Customs Act, 1969, was conducted. For the purpose, different markets were surveyed repeatedly.
