KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 898/2016 on May 21, 2018, it is learnt.
Surriya Butt said the department was reviewing suggestions from various importers to set the new prices of fruit jam (2007.1000, 9100, 2007 and 9900). She said some valuations which were issued in 2016 were being reviewed from the beginning.
Moreover, the valuations will be set in view of the rising prices in the international market. Sources told Customs Today that a petition was filed with the Customs Valuation in which change in prices of fruit jam (2007.1000, 9100, 2007 and 9900) was requested.
Sources further told CT that Valuation Ruling No: 898/2016 was issued on August 04, 2016. A meeting was held with the stakeholders on April 2, 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 items in question through which the actual current value could be ascertained.
