KARACHI: During the month of February, the Directorate General, Customs Valuation, has decided 17 new valuations which will be issued in the month of March and mid of April. A source said that due to high prices in the international market, importers are submitting applications to review the prices of different items.
Today, the Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 758/2015 on April 30, 2018, it is learnt.
Surriya Butt said the department was reviewing suggestions from various importers to set new prices of ceramics and porcelains. She said that some valuations issued in 2015 were being reviewed from the beginning.
Moreover, the valuations will be set in view of the rising prices in the international market. Sources told CT that a petition was filed with the Customs Valuation in which change in prices of ceramics and porcelains was requested.
Sources further said that the Valuation Ruling No: 758/2015 was issued on September 8, 2015. A meeting was held with the stakeholders on 7th of March 2018.
Importers were advised to furnish the import invoices of the last three months showing factual values as well as websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value could be ascertained.
