KARACHI: Director General, Customs Valuation, Surriya Ahmed Butt has decided to revise the Valuation Rulings No: 727/2015.
Surriya Butt has said the department is reviewing the suggestions from importers to set new prices. She further said some valuations, which were issued in 2015, were being viewed from the beginning. Moreover, the valuations will be set in view of the rising prices in the international markets.
Sources told Customs Today that an application was submitted by the importers to Customs Valuation in which change in prices of self-adhesive (Transparent) BOPP /OPP Tape and self-adhesive tape scotch brand was requested. Sources said the Valuation Ruling No: 727/2015 self-adhesive (Transparent) BOPP /OPP Tape and self-adhesive tape scotch brand issued on April 20, 2015.
A meeting was held with the stakeholders on 31st of August 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.
Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has said importers submitted applications for the change of the prices so that our department learn and decide the values.
