KARACHI: The Directorate, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Ruling No: 808/2016 on January 19, 2018, it is learnt.
Director General Surriya Butt has said the department was reviewing suggestions from importers to set new prices of liquid chloro paraffin and chlorinated parafine. She said some valuations, which were issued in 2015 and 2016, were being reviewed from the beginning.
Moreover, the valuations will be set in view of the rising prices in the international markets. Sources said a petition was submitted by the importers to Customs Valuation in which change in prices of liquid chloro paraffin and chlorinated parafine was requested.
Sources told CT that the Valuation Ruling No: 808/2016 was issued on January 22, 2016. A meeting was held with the stakeholders on December 26, 2017.
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.
