KARACHI: Director General Customs Valuation Syed Tanveer Ahmed issues Order in Revision No. 277/2016 under section 25-D of the Customs Act, 1969 against Valuation Ruling No.937/2016 dated 26-09-2016 the revision petition was filed by Nadeem Ahmed for Colgate Palmolive Mr. Sohail Ashraf Vohra for PCDMA Waqas Liaquat for Khawaja Enterprises
This revision petition was filed under section 25-D of the Customs Act, 1969 against customs value determined vide Valuation Ruling No.937/2016 dated 26-09-2016 issued under section 25-A of the Customs Act, 1969, inter alia, on the grounds that the valuation department issued the above mentioned valuation ruling by enhancing the unit price of our imported item containing liquid chlorinated paraffin from India. In the said valuation ruling the valuation department fixed the value @ US$ 1/KG.
Meanwhile Director General Customs Valuation has also revised the customs values of glass balls assorted design and colours.
This Directorate General has initiated an exercise to develop database values for different items wherein it has been observed that declarations are wide range and do not correctly reflect values of the items as traded in the international market. During the scrutiny of previous clearance data, it has been observed that glass balls assorted design and colour falling under PCT headings 7002.1000 are being assessed at different values and certain transactions are on very low side.
This Directorate General, after carefully examining the clearance data, also conducted market inquiries to verify the authenticity of declarations. Online prices were also obtained to corroborate the findings of the market surveys. This office, therefore, has found that the customs value of glass balls assorted design and colour is glass balls assorted design and colour China origin US$ 0.47/per kilogram.
This value is, however, for reference/guidance only and final assessment may please be made after considering other factors which have bearing on the customs value. The clearance Collectorates may like to consider the values given above before finalizing the assessment of the subject item.
