KARACHI: New customs values for import of ‘polyethylene tarpaulin’ specifically from China, South Korea and Vietnam have been issued by Directorate General of Customs Valuation Karachi under section 25-A of the Customs Act, 1969 to accurately assess the duty.
The customs value of ‘PE tarpaulin’ would be $2.50 per kg on import from China & Vietnam and $2.65 per kg on import from Korea. In exercise of the powers conferred under Section 25-A of the Customs Act, 1969, the Customs values of ‘PE tarpaulin’ are determined. The new ruling supersedes Valuation Ruling No 474, dated 28-09-2012, sources said.
The Customs value of Tarpaulin was being determined under Section 25-A of Valuation Ruling No 474 dated 28-09-2012. It was contested by a number of importers who filed review applications under Section 25-D which were disallowed for technical reasons and on legal ground. The Director General, however, directed to examine their contentions on merit as per law and associate them during exercise for determining revised Customs value.
Accordingly, the importers were associated during the aforesaid exercise but they failed to submit valid and legally maintainable import documents to substantiate their viewpoint. A complaint by local manufacturers was also received by the Directorate General of Customs Valuation to the effect that the subject goods were being under-invoiced by the importers, causing revenue losses. This prompted an investigation to determine Customs Value of imported ‘PE tarpaulin’.
