KARACHI: Directorate General of Customs Valuation Karachi has issued new customs values, ranging between $1.72 per kg to $2.44 per kg, on the import of facial tissue papers from China, Malaysia and UAE.
The Directorate General CV issued valuation ruling to check under-invoicing on the import of facial tissue paper in exercise of the powers conferred under section 25-A of the Customs Act, 1969.
Under the new ruling, a reference was received from MCC (Appraisement), East, Karachi regarding under-invoicing in the import of facial tissue paper, on the basis of an original invoice found in a consignment imported from UAE. Therefore, an exercise to determine the Customs values of the subject good was initiated.
The valuation methods given in section 25 of the Customs Act, 1969 were followed. Transaction value method provided in subsection (1) of section 25 was found inapplicable because the requisite information was not available. Identical/ similar goods value methods provided in sub-section (5) & (6) of section 25 were examined for applicability to the valuation issue in the instant case which could not be applied due to unreliable and variable values. Market enquiry as envisaged under sub-section (7) of section 25 was conducted and values so worked-back were taken up for value determination. Consequently, Deductive value method provided under subsection (7) of section 25 of the Customs Act, 1969, was applied to arrive at the Customs value of Facial Tissue Paper.
In cases where declared values are higher than the Customs value determined in this Ruling, the assessing officers shall apply those values in terms of sub-section (1) of section 25 of the Customs Act, 1969. In case of consignments imported by air, the assessing officer shall take into account the differential between air freight and sea freight while applying the Customs values determined in this ruling.
The values determined vide this ruling shall be the applicable Customs value for assessment of subject imported goods until and unless it is rescinded or revised by the competent authority in terms of sub-sections (1) or (3) of section 25 of the Customs Act, 1969. A review petition may be filed against this Ruling, as provided under Section 25-D of the Customs Act, 1969, within 30 days from the date of issue, before the Director General, Directorate General of Customs Valuation, Karachi. The Collectors of Customs may ensure that the values given in the Ruling are applied by the concerned staff without fail, the ruling added.
