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China, Germany, Japan, UK and US: New customs value issued on import of stationery items

Directorate General of Customs Valuation Karachi has determined and issued new customs value on the import of a large number of stationery items from China, Germany, Japan, UK and USA. It is learnt on Tuesday that the Directorate General of Customs Valuation Karachi has issued a valuation ruling in exercise of the powers conferred under section 25-A of the Customs Act, 1969. The valuation ruling has superseded valuation Ruling 339/2011.

As per ruling, the FBR has revised customs values on the import of ink for fiber tips pens and fine liner pens water base, ink for markers & ball pens, glue stick (all sizes) weight including plastic casing and cap, white correction fluid, normal sharpener, fancy sharpener, staple pins all size, geometry box plastic, geometry box in metal/tin of 130 grams or below, scale 6 inch plastic, scale 12 inch plastic, ball point pens excluding gel pen and roller pen, gel pens, fine liner pens, markers all sorts including permanent markers, white board markers, text markers/ highlighters, fountain pen with plastic cap, fountain pen with metal cap, roller pens, fiber tips coloring pen with water base ink for student use excluding fine liner pen, permanent markers, white board markers, highlighters and gel pen etc, pen with tips on both sides, paint & drawing marker, correction pen, nibs for fountain pen, clip for fountain pen, ball pen tips, cap for fountain pen (plastic), cap for fountain pen (metal), black lead pencil without rubber tips, black lead pencil with rubber tips, color pencils half size, color pencils full size, raw pencil HB, raw pencil color and sandwich slate.

The customs value of Stationery Items was determined under Section 25-A of the Customs Act, 1969, vide Valuation Ruling No 339/2011, dated 15-06-2011. With a view to reflect the current prices prevailing in the international market, an exercise to determine the Customs values of the subject goods afresh was taken up, ruling said.

The valuation methods given in Section 25 of the Customs Act, 1969 were followed. Transaction value method provided in section 25 (1) was found inapplicable because the requisite information was not available. Identical / similar goods value methods provided in Section 25(5) & (6) were examined for applicability to the valuation issue in the instant case which provided some reference values of the subject goods. Market enquiry as envisaged under Section 25(7) of the Customs Act, 1969, was also conducted and value so worked-back were taken up for value determination. Consequently, Deductive value method under Section 25(7) of the Customs Act, 1969, was applied to arrive at the Customs value of stationery items.

Meetings were held with stakeholders and importers including representatives of trade bodies to discuss the current international values of stationery items, sources said. The stationery items specified shall be assessed to duty / taxes at the new customs values as per ruling.

In cases where declared values are higher than the customs value determined in this ruling, the assessing officers shall apply those values in terms of sub-section (1) of section 25 of the Customs Act, 1969. In case of consignments imported by air, the assessing officer shall take into account the differential between air freight and sea freight while applying the customs values determined in the ruling, sources said.

The values determined vide this ruling shall be the applicable customs value for assessment of subject imported goods until and unless it is rescinded or revised by the competent authority in terms of sub-sections (1) or (3) of section 25 of the Customs Act, 1969.

A revision petition may be filed against this ruling, as provided under Section 25-D of the Customs Act, 1969, within 30 days from the date of issue, before the Director General, Directorate General of Customs Valuation, 7th Floor, Custom House, Karachi. The Collectors of Customs may ensure that the value given in the ruling is applied by the concerned staff without fail, ruling added.

Copyright Business Recorder, 2013


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