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Home Breaking News

DG Valuation Tanveer Ahmed directs for reassessment of honey prices

byMubeen Hussain
25/01/2017
in Breaking News, Karachi, Latest News, Slider News
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KARACHI: Director General Customs Valuation Syed Tanveer Ahmed issued Order in Revision No. 295/2017 under section 25-D of the Customs Act, 1969 against Valuation Ruling No.966/2016 issued on November 1, 2016. The revision petition was filed by M/s. Asian Consumer Care Pakistan (Private) Limited.

The petitioner stated that they were the importers of Dabur honey from India which was cleared from Customs at Lahore. In the above mentioned valuation ruling, the values determined under Section 25-A of the Customs Act, 1969 for Dabur honey were unrealistic and un-justified.

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The petitioner said that only a single meeting was held on 3.11.2016 wherein no samples of products/brands was put up nor discussed in length. The company appealed for a review petition on the following reasons.

Director General Customs Valuation stated in his order that Javed Vohra appeared on behalf of M/s Asian Consumers. He stated that they were declaring values of $2.77 – $ 3.95/kg for different sizes. They have the same quality. The market inquiry was conducted. The principal appraiser of group stated that 500gm pack is sold at Ra 455-490. The market inquiry prices were accepted by the importer. On the basis of their prices, work back method shows prices are much less than $4.80/kg.

The importer further said that the prices of Langnese brand have been fixed on lower side as they have not filed any Revision Petition.  If this is the case and prices of Dabur and other brands are confirmed by the importer and the department then prices of Dabur should have been fixed at low level and other brands on higher side. As an interim arrangement the prices are fixed at $3.25/kg for Dabur brand.

As the prices have not been worked out properly the case is referred back and remanded to Director Valuation for re-fixing the prices in view of above observations. He may re-fix values in 15 days on the basis of retail packing and as per market prices.

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