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Valuation Ruling for food supplement issued

Valuation Ruling for food supplement issued

KARACHI: Directorate General of Customs Valuation has determined the customs values of food supplements (drinking powder Milo, Nesquick, Bournevita, Ovaltine, Complan and Horlicks, first time ever, through a Valuation Ruling No. 640/2014 under section 25-A of the Custom Act, 1969.

Customs values of drinking powders including Milo, Nesquick, Bournevita, Ovaltine and Complan from all origins having Pakistan Customs Tariff code 1901.9090 and 2106.9090 and proposed PCT code for WeBOC 1901.9090.1000 and 2106.9090.1000 are fixed at $ 2.20 per kg.

Similarly, the customs values of drinking powder (Horlicks) from all origins having PCT code 1901.9090 and 2106.9090 and proposed PCT code for WeBOC 1901.9090.1100 and 2106.9090.1100 are fixed at $ 3.00 per kg.

It is pertinent to mention here that a revision petition against this ruling 640/2014 may be filed as provided under Section 25-D of the Customs Act, 1969, within 30 days from the date of issue, before the Director General of Directorate General of Customs Valuation.