KARACHI: The Directorate General of Customs Valuation has issued the reference values for “silk fabric (Boski)”.
According to the details, Directorate General has initiated an exercise to develop database values for different items wherein it has been observed that declarations are of 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 has been observed that “silk fabric (Boski)” falling PCT heading 5007.9000 is being assessed in different values and certain transactions are on very low side. Now customs values of silk fabric (Boski) is determined at US$51.66 per kilogram.
Directorate General Valuation after carefully examining the clearance data also conducted market inquiries to verify the authenticity of declarations. Online prices were also obtained to corroborate the findings of the market surveys.
The values are, however, for reference/guidance only and final assessment may please be made after considering other factors which have bearing on the customs value.
The clearance Collectorates may like to consider the values given above before finalizing the assessment of the subject items. If further fine-tuning in specifications and ensuing values are required, Collectorate may forward a reference along with detailed justifications and worksheets so that requisite adjustments are accordingly issued.
The directorate also stated that in case of any grievances, the importer can file a request to the Directorate substantiating evidences/record for reconsideration/review as the value is valid for 90 days from date of issuance.
