KARACHI: The Directorate General of Customs Valuation has determined the customs value of China-origin USB data traveller, USB flash drive and memory card, vide Valuation Ruling No. 688/2014 No. MISC/35/2013-VII dated September 23, 2014.
The customs value of USB data traveller, USB flash drive and memory cards was determined under Section 25-A of the Customs Act 1969 vide Valuation Ruling No. 668/2014 dated 31.3.2014.
The aggrieved parties filed revision petitions under Section 25D before the Director General of Customs Valuation. A representation was also filed before the DG for revision of values.
Therefore, an exercise to re-determine the customs value of the said items was initiated to reflect its current price trend.
The valuation methods provided in Section 25 of the Customs Act 1969 were applied to address the valuation issue. The transaction value method under Sub-Section (1) of Section 25 of the Customs Act 1969 was found inapplicable because required information under the law was not available. Identical/similar goods valuation methods provided in Sub-Section (5) and (6) of Section 25 provided some reference values. Market enquiry was also conducted under Sub-Section (7) of Section 25 and findings of enquiry were considered. Consequently, the fall back method was envisaged under Section 25(9) of the Customs Act 1969 to determine the values of the items.
Meetings with relevant stakeholders were held on August 19 and September 18.
Finally, the directorate general assessed the duty/taxes on the import of China-made USB data traveller/USB flash drive/memory cards.
According to details, the customs value (C&F) of USB data traveller, USB flash drive and memory cards up to 4GB having PCT 8523.5190 and 8523.5110 and Proposed PCT for WeBOC 8523.5190.1000 and 8523.5110.1000 is determined at $0.80 per piece.
The customs value (C&F) of USB data traveller, USB flash drive and memory cards up to 8GB having PCT 8523.5190 and 8523.5110 and Proposed PCT for WeBOC 8523.5190.1100 and 8523.5110.1000 is determined at $0.90 per piece.
The customs value (C&F) USB data traveller, USB flash drive and memory cards up to 16GB having PCT 8523.5190 and 8523.5110 and Proposed PCT for WeBOC 8523.5190.1200 and 8523.5110.1200 is determined at $1.10 per piece.
The customs value (C&F) of USB data traveller, USB flash drive and memory cards up to 32GB having PCT 8523.5190 and 8523.5110 and Proposed PCT for WeBOC 8523.5190.1300 and 8523.5110.1300 is determined at $1.80 per piece.
Similarly, the customs value (C&F) of USB data traveller, USB flash drive and memory cards up to 64GB having PCT 8523.5190 and 8523.5110 and Proposed PCT for WeBOC 8523.5190.1400 and 8523.5110.1400 is determined at $4.00 per piece.
“In cases where the declared/transaction values are higher than the customs value determined in this ruling, the assessing officers shall apply those values in terms of Sub-Section (1) of Section 25 of the Customs Act. And in cases of consignments imported by air, the assessing officer shall take into account the differential between air freight and sea freight while applying the customs values determined in this ruling.”
