KARACHI: The Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 798/2016 on April 10, 2018, it is learnt.
Surriya Butt said the department was reviewing suggestions from various importers to set new prices of glycerin. She said some valuations issued in 2015 were being reviewed from the beginning.
Moreover, the valuations will be set in view of the rising prices in the international market. Sources told that a petition was filed with the Customs Valuation in which change in prices of glycerin was requested.
Sources further said Valuation Ruling No: 798/2015 was issued on January 21, 2016. A meeting was held with the stakeholders on 14th February 2018.
Importers were advised 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.
