KARACHI: The Directorate General of Customs Valuation has determined the customs values of carbon steel seamless pipe vide Valuation Ruling 785/2015.
The practice to determine the values of carbon steel seamless pipe was undertaken under Section 25(A) of the Customs Act, 1969.
According to the details, the importers have agitated against the customs values of ‘carbon steel seamless pipe ASTM A 106 assorted sizes’ determined vide Valuation Ruling No 303/2011 mainly on the grounds that the values of subject goods are traded in the international market at much lower values.
The issue was also agitated before Sindh High Court, the court has ordered for revision of the valuation ruling and determining its fair value.
Accordingly, carbon steel seamless pipes (assorted sizes) to be imported from China origin would be assessed to duty and taxes at $0.69 per kilogram.
