The Directorate General of Customs Valuation Karachi has revised customs values on the import of Woven Interlining Material/ Buckram (Black/White) and Non-Woven Interlining Material/ Buckram (Black/White) from China/Korea for assessment of duties and taxes.
Earlier, the customs values on the import of Woven Interlining Material/ Buckram (Black/White) and Non-Woven Interlining Material/ Buckram (Black/White) was determined in 2020. The directorate received presentations for revision of the said values.
According to a valuation ruling issued on Friday, different values were declared by different importers for same product. Identical and similar goods value methods provided in Sections 25 (5) and (6) ibid were examined for applicability to determine customs values of subject goods. The data provided some references.
However, it was found that the same could not be solely relied upon due to absence of absolute demonstrable evidence of qualities and quantities of commercial level etc. Information available was, hence, found inappropriate. In line with statutory sequential order of Section 25 of the act ibid, this office conducted market inquiries under sub-section (7) of Section 25 of the Customs Act, 1969.
As the prices of Woven Interlining Material/ Buckram (Black/White) and Non-Woven Interlining Material / Buckram (Black/White) in the market varied significantly and were dependent on quality of the goods and the location of the selling points or shops in the city, therefore, a thorough survey was conducted to arrive at customs values.
Consequently, Deductive Value method as provided under Section 25(7) of the Customs Act, 1969 has been applied to arrive at assessable customs values of Woven Interlining Material Buckram (Black/White) and Non-Woven Interlining Material/ Buckram (Black/White).
Source: Pro Pakistani