KARACHI: Director-General Directorate of Customs Valuation Surriya Butt rejected revision of Valuation Ruling No.994/2016 and 1005/2017 and upheld the values circuit breakers and another values of children baby, baba garments of low end brands of China, Vietnam, Indonesia, Thailand, Malaysia and other countries, determined vide the said valuation ruling.
Source told Customs Today that M/s GB Traders and others importer approached Directorate General Customs Valuation appealing that the Valuation Ruling No.994/2016 does not cover the present fluctuation of prices in international market which have been reduced to about half of the prices.
The Director General noted that importers had failed to prove with conclusive evidence that the values worked out in the impugned ruling were on higher side.
On the other hand, the department produced details of valuation exercise conducted to determine the values of circuit breakers and another value of children baby, baba garments.
Perusal of case record and the defense of the department revealed that the Directorate of Customs Valuation while issuing the impugned valuation ruling associated the importers including the petitioners.
Further, the values of subject goods have already been rationalized by the department while revising the previous valuation ruling and notifying the impugned ruling.
