KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Ruling No: 779/2015 on January 16, 2018, it is learnt.
According to the details, Director General Surriya Butt has said that the department was reviewing suggestions from importers to set new prices of silicone in primary form. She said that some valuations, which were issued in 2015, were being reviewed from the beginning.
Moreover, the valuations will be set in view of rising prices in the international markets. Sources said that a petition was submitted by the importers to Customs Valuation in which change in prices of silicone in primary form was requested.
Sources told the Valuation Ruling No: 779/2015 was issued on December 8, 2015. A meeting was held with the stakeholders on 20 December 2017.
Importers were told to furnish the import invoices of the last three months showing factual values as well as websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value could be ascertained.
