KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Ruling No: 766/2015 on April 18, 2018, it is learnt here.
According to details, Surriya Butt said that the department was reviewing suggestions from various importers to set new prices of Latex Vanyl examination and surgical gloves. 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 market. Sources said that a petition was submitted before the Customs Valuation in which change in prices of Latex Vanyl examination and surgical gloves was requested.
Sources told that Valuation Ruling No: 766/2015 was issued on October 12, 2015. A meeting was held with the stakeholders on 13th February 2018.
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.
Source told that during the month of January and current of February Importers submitted the application for review prices of different items, cause of increases prices in International markets.
