The Directorate General of Customs Valuation in Karachi has updated customs values on a number of imports. On Tuesday, the directorate issued valuation judgments in this regard.
Ceramic/porcelain sanitary wares from Turkey/Thailand/Indonesia/Malaysia, low-end brand shoes, slippers, sandals, chappals, and joggers from all origins, spices/herbs & edible gums, and values of sweet corn, canned pineapple, and fruit cocktail imported from the Philippines and other origins are among these items.
According to a tax expert, customs value judgements would be invalid in situations of newly prohibited commodities at the import stage. The customs values of ceramic/porcelain sanitary items have been decided, according to the directorate.
Previously, Valuation Ruling No. 1282/2018 was used to estimate the customs values of ceramic/porcelain sanitary items. Because the Valuation Ruling was more than four years old, the Directorate General launched an effort to determine Customs values of relevant products under Section 25A of the Customs Act, 1969 to reflect market pricing.
Until and until revoked or altered by the competent authority, the values set by the new decision shall constitute the relevant Customs value for assessment of subject imported items.
Another judgment, Valuation Ruling No.1590/2022, evaluated the customs value of sweet corn, canned pineapple, and fruit cocktail under Section 25A of the Customs Act, 1969. The importers filed a review petition under Section 25D of the Customs Act of 1969.
The Director-General (Customs Valuation) set aside the said Valuation Ruling via Order in Revision No.30/2022 with the direction to conduct a new exercise under Section 25A of the Customs Act, 1969 to determine the Customs value of subject goods, particularly with reference to brands, weight, and current international prices. As a result, an exercise was launched under Section 25A of the Customs Act of 1969 to recalculate the customs value of the relevant products.
Finally, clearance data, market information, and international prices obtained over the internet were extensively analysed, and the information gained was used to determine customs values for the subject items under Section 25(9) of the Customs Act, 1969.
The customs value of sweet corn, canned pineapple, and fruit cocktail was assessed under Section 25A of the Customs Act of 1969 by Valuation Ruling No.1590/2022 dated January 18, 2022. The importers filed a review petition under Section 25D of the Customs Act of 1969.
The Director-General (Customs Valuation) set aside the said Valuation Ruling via Order in Revision No.30/2022 dated 14-04-2022 with the direction to conduct a new exercise under Section 25A of the Customs Act, 1969 to determine the Customs value of subject goods, particularly with reference to brands, weight, and current international prices.
As a result, an exercise was launched under Section 25A of the Customs Act of 1969 to recalculate the customs value of the relevant products, according to the FBR.
Another judgment, Valuation Ruling No.1572/2021 dated 29-11-2021, evaluated the customs value of spices and her edible gums under Section 25A of the Customs Act, 1969. The FBR received representations from the Quetta Chamber of Commerce and Industry (QCCI) and the Sarhad Chamber of Commerce and Industry. On 09-02-2022, a meeting was conducted at FBR headquarters, led by the Chairman FBR and attended by Member (Customs-Policy), Director General Customs Valuation, and other participants, including members from both houses.
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