KARACHI: The Directorate General of Customs Valuation has determined the Customs value of Polyester Pile Fabric through Valuation Ruling No.684/2014 under Section 25-A of the Customs Act, 1969.
The exercise to determine the Customs values of Polyester Pile Fabric was initiated after it was brought to the notice of the Directorate General of Customs Valuation that Polyester Pile Fabric is being imported at under-invoiced values. The Customs values of Polyester Pile Fabric is determined under the fall back method in terms of Section 25(9) of the Customs Act, 1969 after the transaction method value method in the Sub-section (1) of Section 25 was found inapplicable because the requisite information was not available. Identical and similar goods valuation methods provided in Sub-Sections (5) & (6) of Section 25 was examined which provided reference values. Market enquiry under Deductive Value Methods in terms of Section 25(7) of the Customs Act, 1969 was also conducted. Consequently, the Customs values were determined in terms of Section 25(9) of the Customs Act, 1969.
Meetings with the stakeholders including the representatives of the KCCI, importers and officers from MCC Appraisement (East/West) Karachi were held on 18.7.2014, 21.7.14 and 6.8.2014 to determine the Customs values.
According to details, the Customs value of Polyester Pile Fabric (knitted) China Origin having PCT 6001.9290 and proposed PCT for WeBOC 6001.9290.1000 is fixed at US$ 2.65 per kilogram.
The Customs value of Polyester Pile Fabric (Narrow Knitted) having PCT 6001.9290 and proposed PCT for WeBOC 6001.9290.1100 from China Origin is fixed at US$ 3.05 per kilogram.
The Customs value of Polyester knitted Pile Fabric (Chenile) having PCT 6001.9290 and proposed PCT for WeBOC 6001.9290.1200 from China Origin is fixed at US$ 3.35 per kilogram.
