KARACHI: Customs Valuation Director General Syed Tanveer Ahmed amended customs values of networking equipment by issuing Order-in-Revision No. 253/2016 F against Valuation Ruling No. 774/2015.
According to the details, the revision petition was filed by M/s Zubair Electronics and others being aggrieved and dissatisfied with the Valuation Ruling No. 774/2015 issued by the respondent in respect of items serial no 27.28.29 30,105,106,107,108,109,110, 111, 112, 113, 114, 115, 116, 196, 197, 198, 199,217 and others moved the directorate general.
The petitioner added, “The respondent stated that in order to bring the uniformity in assessment, the available data, international prices, and prices in local market were consulted.
However, the valuation ruling is defective, same do not indicate the working even the TP link brand is well known and popular brand their products are more costlier in market, the vital specification of TP link is missing, the determined value of TP link brand vide impugned valuation ruling is lesser rather than Tenda Brand”.
However, the Directorate General of Customs Valuation conducted its own market inquiry. The market inquiry showed that the values are much higher. M/s Tenda and TP Link did not agree to the prices and insisted on prices which are given by the team jointly which is much lower than market prices. Keeping above in view, customs values are re-determined on the basis of market inquiry as under: