KARACHI: The Directorate General of Customs Valuation exercising its powers has issued the reference values for Europe and China origin filter paper for tea bags as $6.5 per kilogramme and $5.7/kg respectively.
Directorate General 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 was noticed that filter paper for tea bags under PCT 4823/4805 are being assessed at different values and certain transactions are on very low side.
Directorate General carefully examined clearance data and also conducted market inquiries to verify the authenticity of declarations. Online prices were also obtained to corroborate the findings of the market surveys.
The reference values of filter paper for tea bags of Europe are determined at $6.5/kg. The reference values of filter paper for tea bags of China are determined at $5.7/kg.
The notification issued by the Customs Valuation further states, “The clearance collectorates may like to consider the values given above before finalising the assessment of the subject items. If further fine-tuning in specifications and ensuing values are require, collectorate may forward a reference along with detailed justifications and worksheets so that requisite adjustments are accordingly issued”.
