KARACHI: Director General Customs Valuation Syed Tanveer Ahmed issued revised customs values of McCain brand potato frozen french fries Indian origin at $1.12/kg and McCain brand spicy peri peri fries/smile fries of all origins at $2.5/kg and amended the Valuation Ruling No.976/2016 accordingly.
M/s Quick Foods Industries Private Ltd and others had approached the director general agitating against the customs values of potato fries determined vide Valuation Ruling No.976/2016. The director general examined the case record and written as well as verbal submissions. The importers stated that the prices have been determined on higher side whereas import prices of the subject item are available on lesser side on international market as well as in the local market.
According to sources, a market survey was conducted which revealed that some of the values are correct. The contention of the importer that value of frozen french fries was fixed at $1.20/kg from USA, $1.15/kg from Europe and $1.22/kg from India is not suitable for the importer as freight from India is much less than USA and Europe.
The customs values of ‘McCain’ brand potato frozen french fries Indian origin is revised at $1.12/kg and ‘McCain’ brand spicy pen peri fries/smile fries imported from all origins are revised to $2.50/kg accordingly.
