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DG Customs Valuation issues order in revision on petition filed by M/s Bilal Brothers & Others

DG Customs Valuation issues order in revision on petition filed by M/s Bilal Brothers & Others

KARACHI: Director General Customs Valuation Syed Tanveer Ahmed issues Order in Revision under section 25-D of the Customs Act, 1969 against Valuation Ruling No. 916/2016 dated 26-08-2016.

According to the details, the revision petition was filed by M/S. Bilal Brothers & Others under section 25-D of the Customs Act, 1969 against customs value determined vide Valuation Ruling No. 916/2016 dated 26-08-2016 issued under Section 25-A of the Customs Act, 1969.

The petitioner stated that, we are aggrieved and dissatisfied by above said harsh and unrealistic valuation ruling so we request you to kindly suspend it till its revision on current international market prices basis. If this ruling is enforced then this will mean that you want to close this health awareness trade. We have compiled the following details for you to see firsthand, how the new prices look like for various products after issuance of new unfair ruling. You decide yourself if these look realistic and whether the products would be purchasable by the customers.

Petitioner also informed that, It is needless to mention that that exercise fitness machines are mostly used by doctors recommended users from all walks of life who are suffering from diseases such as hypertension, diabetes, orthopedic related issues and obesity (overweight). If these machines become too expensive due to abnormal and unfair government taxes then this group will Stiffer enormously.

The meeting with stakeholders was held on 21-06-2016, 28-06-2016 and 26-07-2016. The importers were also requested to furnish Invoices of imports during last three months showing factual value, Websites, names and email addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained, Copies of Contracts made / LCS opened during the last three months showing the value of item in question and Copies of Sales tax invoices issued during last four months showing the difference in price (excluding duty and taxes) to substantiate that the benefit of difference in price is passed on to the local buyers.

Director General Customs Valuation Syed Tanveer Ahmed stated in his order that the case record and written as well as verbal Submission of the petitioners were examined in detail. The petitioners filed review application under section 25-D of the Customs Act, 1969. Mr. Munawar import Manager of M/S Bilal Brothers, M/s United Trading Co. and others appeared and stated that customs values of the impugned valuation ruling have been increased by 100% to 150%. This item attracts custom duty (a) 10%, sales tax (a) 17% & 3% income tax, (a) 6% and RD (a) 10%.

He stated that, i have inferred that customs values already determined vide Valuation Ruling No. 916/2016 dated 26-08-2016 were determined on higher side. The values were determined on market Survey basis which was subsequently conducted twice to check the authenticity and genuinely of the market prices revealed that exists between values fixed and existed in market difference. Therefore, the customs values are revised under section 25-A (3) of the Customs Act, 1969 as mentioned in the Annexure to this order.