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DG Valuation revises customs values of hard disk (internal/external) vide VR No. 1353/2018

DG Valuation revises customs values of hard disk (internal/external) vide VR No. 1353/2018

KARACHI: The Directorate General of Customs Valuation has revised the customs values of hard disk (internal/external) Valuation Ruling No: 1353/2018 under Section 25A of the Customs Act-1969.

Representations were received from Appraisement-West that hard disks of various capacities are being cleared at lowers values. Therefore Directorate General was requested to determine its customs value under Section 25A of the Customs Act, 1969 for uniform assessment. Accordingly an exercise was initiated in this Directorate General to determine customs values of subject goods in terms of Section 25-A of the Customs Act, 1969.

A number of meetings were held with stakeholders which were attended by different stakeholders including importers, officers from clearance Collectorates and representatives from trade bodies. All the stakeholders were requested to submit invoices of imports during last three months showing factual value.

Websites names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained.

Copies of contracts made during the last three months showing the value of item in question.

Copies of sales tax invoices issued during the last four months showing the values of supplies (excluding duty and taxes) to substantiate their views.

The importers, during meetings, stated that the prices of hard disks depend on different capacities, brands and data storage. They further requested that the retailer margin of profit and warranty aspect may be considered while determining values of hard disc. Some of the stakeholders stated that used Hard Disks are being declared and assessed on very lower values. Despite lapse of considerable time the requisite documents have not been submitted by the stakeholders.

Valuation methods given in Section 25 of the Customs Act, 1969 were applied sequentially to address the valuation issue at hand. Transaction Value Method under sub-section (1) of section 25 of the Act ibid was found inapplicable because the requisite information under the law was not provided by the importers.