KARACHI: The Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 902 /2016 on April 24, 2018, it is learnt.
Surriya Butt has said that the department was reviewing suggestions from various importers to set new prices of low and brand shoes, slippers, sandals, Chappals and joggers. She said that 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 CT that a petition was filed before the Customs Valuation in which change in prices of new prices of low and brand shoes, slippers, sandals, Chappals and joggers was requested.
Sources said that the Valuation Ruling No: 902/2016 was issued on August 8, 2016. A meeting was held with the stakeholders on March 13, 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 known foreign manufacturers of the item in question through which the actual current value could be ascertained.
