KARACHI: The Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 788/2016 on March 23, 2018, it is learnt.
Director General Surriya Butt has said the department was reviewing suggestions from importers to set new prices of porcelain wares. She said some valuations, issued in 2016, were being reviewed from the beginning.
Moreover, the valuations will be set in view of rising prices in the international markets. Sources said a petition was submitted by the importers to the Customs Valuation in which change in prices of porcelain wares was requested.
Sources further said the Valuation Ruling No: 788/2016 was issued on January 5, 2016. A meeting was held with the stakeholders on January 29, 2018.
Importers were told to furnish the import invoices of the last three months showing factual values as well as websites, names and e-mail addresses of the known foreign manufacturers of the item in question through which the actual current value could be ascertained.
