KARACHI: The Directorate General of Customs Valuation has revised the customs values disposable razors and razor parts vide Valuation Ruling No: 1296/2018 under Section 25A of the Customs Act-1969.
Earlier, the customs values of disposable razors and razor parts was determined vide Valuation Ruling No. 1179/2017 dated 12-06-2017 issued under Section 25-A of the Customs Act, 1969.
Director General of Customs Valuation vide Order Lin-Revision No. 419/2017 dated 15.12.2017, remanded back the valuation ruling with the directions to conduct comprehensive valuation exercise thoroughly, and to re-determine Customs values of subject goods under section 25-A of the Customs Act, 1969 after removing discrepancies.
In this regard meeting with stakeholders was-held in this Directorate General and their input and viewpoints were obtained. However, the participants were requested to submitted following documents before or during stakeholders’ meeting.
Websites, names and E-mail address of known foreign suppliers / manufacturers of the item in question through which the actual current value could be ascertained
Copies of contracts made / LCs opened during the last three months showing the value of items in question.
Copies of sales tax paid invoices issued during last four months (excluding duty and taxes) to substantiate the contentions of the importers.
During the meeting, the importers contended that the customs values are on the higher side and should be revised downward. However, no body submitted tangible documents except some import data of lower values. Representative of M/s S.S. Corporation requested that H.S. Code for cartridge should be mentioned separately in fresh valuation ruling.
The view point of all stakeholders was heard in detail and considered to arrive at Customs values of disposable razors and razor parts.
Method adopted to determine Customs values: Valuation methods given in Section 25 of the Customs Act, 1969 were applied sequentially to address the valuation issue at hand.
