Customs value of canvas water discharge hose revised

The Directorate General Customs Valuation (DGCV) has revised the customs value of Canvas Water Discharge Hose under section 25(7) of the Customs Act, 1969. According to details, a representation was received from M/s Ghauri Enterprises that the consignments of Canvas Water Discharge Hose were being imported at different declared prices and were assessed on different prices.
They requested for issuance of valuation ruling under section 25-A of the Customs Act 1969 for uniform assessment across the board. Keeping in view the above stated request and clearance data of subject goods, the Directorate has initiated an exercise for determination of the customs values of the subject goods.
For the purpose, meeting was convened with the stakeholders to discuss international price trends of the goods. M/s Ghauri Enterprises contended that value of Canvas Water Discharge Hose should be determined in close proximity of value determined for PVC Hose Pipes vide valuation ruling 1010 in 2017.
However, the departmental representative stated that PVC Hose Pipe was mainly composed of PVC raw material where as Canvas Water Discharge Hose was composed mainly of polyester Filaments, hence both items had no nexus with each other. The viewpoint of participants was considered to arrive at customs values of the subject goods. Later, the Directorate has conducted market inquiries using deductive value method under sub-section (7) of the section 25 of the Customs Act, 1969 and determined customs values of Canvas Water Discharge Hose under section 25(7) of the Customs Act, 1969.