KARACHI: The Directorate General of Customs Valuation has revised the customs value of networking equipments Valuation Ruling No 987/2016 under Section 25A of the Customs Act, 1969.
Customs values of networking equipments were determined under Section 25A of the Customs Act, 1969, vide Valuation Ruling No774/2015, dated 01-12-2015. The Valuation Ruling required revision in line with the prevailing prices in the international market. Therefore, this directorate general initiated an exercise for determination of Customs values of networking equipments.
Different meetings with stakeholders were held and a final meeting was held on 05-10-2016. Importers had been requested to furnish the following documents before the course of meeting.
Invoices of imports during last three months showed factual value Websites that names and E-mail addresses of known foreign manufacturers of the items copies of contracts made /LCs opened during the last three months showing the value of item in question. Copies of Sales Tax Invoices issued during last four months showing the difference in price (excluding duty and taxes) to substantiate that the benefit of difference in price is passed on to the local buyers.
No documents were submitted in this Directorate General on or even after the said scheduled meetings. The meeting was attended by the representative of Pakistan Computer Association, Karachi, importers and the officers from field formations.
During the meeting importers claimed that the values of Networking Equipments had considerably reduced in the international market as compared to the values determined in the existing valuation Ruling. Importers requested that the Pakistan Computer Society played an important role and provided consented proposal after meeting with major stakeholders which are present in the meeting. The department can verify their proposal with the market survey, after receipt of Association’s proposal. The market inquiry was conducted. Prices of Networking Equipment of different brands, types and models were obtained from different shops. Pakistan Computer Association’s proposal was not supported with corroborative evidence in shape of import invoices, sales tax invoices, literature, representative samples, evidences and other relevant requisite import documents.