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Valuation ruling of malleable iron pipe fittings issued

Valuation ruling of malleable iron pipe fittings issued

KARACHI: The Directorate General of Customs Valuation has determined the value of malleable iron pipe fittings through Valuation Ruling No 682/2014 under Section 25A of the Customs Act, 1969.

According to details, the Customs values of malleable iron pipe fittings with grooves (below 4 inches size) from China Origin having HS Code 7307.1990 and proposed PCT for WeBOC is 7307.1990.1000 has fixed at $0.69 per kilogram.

The Customs values of malleable iron pipe fittings without grooves (below 4 inches size) from China Origin having HS Code 7307.1920 and proposed PCT for WeBOC is 7307.1990.1000 has fixed at $0.56 per kilogram.

The Customs values of malleable iron pipe fittings with grooves (above 4 inches size) from China Origin having HS Code 7307.1990 and proposed PCT for WeBOC is 7307.1990.1100 has fixed at $0.96 per kilogram.

The Customs values of malleable iron pipe fittings without grooves (above 4 inches size) from China Origin having HS Code 7307.1920 and proposed PCT for WeBOC is 7307.1990.1010 has fixed at $0.76 per kilogram.

It is pertinent to mention here that the said VR No 682 has superseded the previous VR No.514/2012 on malleable iron pipe fittings.

It may be mentioned here that the meetings of stakeholders with a view to determine the Customs values of malleable iron pipe fittings was held on 16-06-2014 and 28-08-2014 in which the representatives of Karachi Chamber of Commerce & Industry (KCCI), importers and officers from MCC-Appraisement-East/West were also present.