KARACHI: The Directorate General of Customs Valuation has determined the values of infusion giving set under the PCT Heading 9018.3920 under Section 25-A of the Customs Act, 1969, vide Valuation Ruling 741/2015.
It may be mentioned here that the Valuation Department received a complaint of under-invoicing in the import of subject item and variation in the declarations filed with customs. An exercise was initiated to determine the customs values of subject goods with a view to reflect the current prices prevailing in the international market.
Meetings were convened with all the stakeholders, local manufacturers, and representatives of trade bodies on June 2, 2015 to discuss the current international prices of subject goods, wherein their views were also sought regarding valuation.
The infusion giving set with Burnett of all origin under PCT 9018.3920 would be assessed to duty and taxes at $0.30 per set and of China origin would be assessed at $0.25 per set, while infusion giving set without Burnett of all origins would be assessed to duty and taxes at $0.060 per set and of China origin would be assessed at $0.055 per set.
