KARACHI: Directorate General of Customs Valuation has issued the reference values for Inc brand shirts/T-shirts, jeans and pants.
The 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 INC brand jeans and pants under PCT 6103 and PCT 6203 are being assessed at different values and certain transactions are on very low side.
It was also observed that Inc brand shirts/T-shirts fall under PCT Heading 6105 are being assessed at different values and certain transactions are on very low side.
The reference values of INC brand men and ladies shirts (all types) are determined at $7.5/pc. Reference values of INC brand men/ ladies T-shirts (all types) are determined at $6.0/pc. Reference values of INC brand boys shirts (all types) are determined at $4.0/pc. Reference values of INC brand boys T-shirts (all types) are determined at $3.5/pc.
The reference values of INC brand men jeans and casual pants (all types) are determined at $9.0/pc. The reference values of INC brand ladies jeans and casual pants (all types) are determined at $9.0/pc.
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”.
