KARACHI: Director General of Customs Valuation Surriya Butt has revised the customs value of glass tubing of a kind used for the manufacture of ampoules vide Valuation Ruling No 1199/2017 under Section 25A of the Customs Act, 1969.
According to the details, the previous valuation ruling was issued vide VR No 1013/2017 dated 16-01-2017. The same was challenged under section 25D of Customs Act, 1969, by several importers as well as a local manufacture M/s Ghani Global Glass Limited. Director General Customs Valuation, remanded back the subject review petition vide Order-In-Review No. 359 dated 09-06-2016 with directions to re-determine values of the subject goods in line with variations based on USP-standards.
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All stakeholders available in Custom’s Import data were invited for their input regarding valuation of subject goods, scheduled for 24-07-2017 and 31-07-2017. During the course of subject meetings, importers of subject goods contended that the values of raw material of instant goods have gone down in the international market and since subject product is not a consumer item therefore aspersions of mis-declaration of value is uncalled for. Moreover, it was also pointed out by the importers that local manufacturer cannot meet the indigenous demand of subject goods.
They also insisted upon the fairness of their transaction values of Chinese origin as there is no fluctuation of value in the international market and only few manufacturers produce this item in China and also there is only one manufacturer in Germany which is producing top quality glass tubing.
Importers also claimed that qualities of Chinese glass tube are as per approved standards of USP and that there is no quality related problem ever reported regarding Chinese origin glass tubing. However, on the other hand, the local manufacture M/s Ghani Global Glass Ltd was of view that customs values of glass tubing of a kind used for manufacturing of ampoules fined vide Valuation Ruling 1013/2017 dated 16-01-2017 are on lower side as compare to prevailing at international markets.
