PESHAWAR: The Directorate General of Customs and Evaluation revised the prices of leather shoes in the month of March and notified the competent authorities of implication of new prices.
The exercise of the powers conferred under Section 25-A of the Customs Act-1969, the Customs values of men/women leather shoes were determined.
The sources said on Wednesday that after disappointment from the stakeholders, the DG C& E notified the authorities concerned to apply the new customs values.
The customs values of men/women leather shoes were circulated WIDE VDB letter No: 142 dated 30.12.2016.
It was revealed that the international price in the market was higher. So to determine new customs values on them in line with their current price in the international market, the steps were taken.
All the stakeholders were called upon the meetings by DG C & E on 27.02.2017 and 03.03.2017 respectively in which they were told to submit the invoice of imports during last three months showing factual value along with the Exporter’s website, names of known foreign manufacturers of the item in the question through which the actual current value can be ascertained.
Such stakeholders were told to declare copies of the Sales Tax Invoices issued during the last three months showing the difference in the price (excluding duty and taxes) to substantiate that the benefit of difference in the price is passed on to the local buyers.
The sources added that the Directorate General of Customs and Evaluation stated that no one appeared for the scheduled meetings nor were any documents received from any stakeholders who show that the importers are disinterested in proceedings, and values were considerably higher than their declarations and by keeping themselves absent, they may have created an alibi for being unheard.
The genuine method was followed to determine customs values. The valuation method given in Section 25 of the Customs Act-1969 was followed.
Transaction value method provided in Section 25(1) was found inapplicable because the requisite information was not available as per law.
Market inquiries, envisaged under Section 25 (7) of the Customs Act-1969, were conducted .Customs values of men /women leather shoes were determined under the Section 25 (7) of the Customs Act-1969.
The values were limited to certain brands like Leoss, Empoli & similar brands. The prices f certain other brands were revised like Clarks, Hush Puppies, Charles & Keith, Mango, Next , Faith, Sputnik, Zapata, Nine West & Similar brands.
These brands were mainly imported from Italy, Turkey and China. It will be premature to mention that the values shall not apply to brands such as Bally, Louis, Vuitton, Jimmy Choo, Christian Lounoutin, Walter Steiger, Gucci, Manolo Blahnik, Churches, Ralph, Russo and such other brands.
The DG C & E directed the clearance collectorates to assess the aforementioned and similar brand shoes/sandals/slippers under Section 25 of the Customs Act-1969.
