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DG Customs Valuation Tanveer Ahmad issues Order in Revision No254/2016

DG Customs Valuation Tanveer Ahmad issues Order in Revision No254/2016

KARACHI: Director General Customs Valuation Syed Tanveer Ahmed issues Order in Revision No. 254/2016 under section 25-D of the Customs Act, 1969 against Valuation Ruling No. 882/2016 dated 01-07-2016.

The revision petition was filed by M/s Synthetic Product Ent. Limited under section 25-D of the Customs Act, 1969 against customs value determined vide Valuation Ruling No.882/2016 dated 01-07-2016 issued under Section 25-A of the Customs Act, 1969 inter alia.

The petitioner made a representation vide letter dated 14.06.2016 to the Director Valuation, Directorate General of Customs Valuation, Karachi wherein it was contended that earlier on, vide Valuation ruling No. 597/2013 dated 24.10.2013 the value has been fixed (a) $ 2.35 per kg. Since fixation of value, almost three years have gone and there was significant increase in cost of raw materials and other allied expenses, therefore, the value fixed three years back was at per’ lower side.

It was also pointed out that the Petitioner is also exporting the said goods at a price varying between $5.01 to 5.14 per kg. Copy of export GDS were also appended with the Said representation and the same are enclosed again as with the instant revision petition. Further, export prices quoted by a Chinese exporter i.e. M/s. Rui’an Polyprint Import & Export Co., Ltd is also enclosed. The said Chinese exporter has quoted price varying between $3.75 to $4.97 per kg.

The valuation ruling is not supported by actual calculation or the prevailing international prices whereas the valuation ruling is, therefore, improper, incorrect and illegal.

Director General Customs Valuation Syed Tanveer Ahmed in his order stated that in the case the petitioners are local manufacturers and in their review application dated 18-08-2016 under section 25-D of the Customs Act, 1969 they stated that they are aggrieved with the customs values determined vide Valuation Ruling No.882/2016 dated 01-07-2016. They contended that customs value determined for Plastic Disposable items in the said Valuation Ruling is on lower side. The commercial importers have not filed review application; however they were called to present their view point.