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DG Valuation revises customs values of mini cargo truck through VR No 1348/2018

DG Valuation revises customs values of mini cargo truck through VR No 1348/2018

KARACHI: The Directorate General of Customs Valuation has revised the customs values of mini cargo trucks / pickup through Valuation Ruling No: 1348/2018 under Section 25-A of the Customs Act-1969.

Earlier, the Customs values of mini cargo trucks / pickup, were determined vide Valuation Ruling No. 637/2014, dated 06-02-2013, read with amendment vide dated 11-06-2018. Recently, a number of references of provisional assessments of subject items under Section 81 of the Customs Act, 1969, have been received from different Collectorates. Therefore, this office initiated exercise for determination of Customs values of the subject goods.

Meetings with stakeholders were held on 28-12-2017, 18-01-2018, 29-05-2018, 16-07-2018, 1 8-07- 2018, 23-07-2018 and 27-07-2018 followed by detailed meetings with field formations.

The stakeholders were requested to furnish 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. C. Copies of Contracts made / LCs opened during the last three months showing the value of item in question. Copies of sales tax Invoices issued during last four months showing the difference in price (excluding duty and taxes) to substantiate their contentions.

The meetings were attended by different stakeholders including representatives of Customs Appraisement-East/West/Port Muhammad Bin Qasim and various importers. The importers contended that values of their items are being enhanced during the process of assessment but no cogent justification is given. The importers added that their declared prices were true and correct which could be verified from concerned commercial counselors. They were required to submit all evidences/record in support of their claim. The view point of the stakeholders was heard in detail and considered for reaching at customs values.