Customs values on import of cannula/IV catheter revised

ISLAMABAD: The Directorate General of Customs Valuation Karachi has revised Customs values on the import of cannula/IV catheter from 15 countries including China. In this regard, the directorate issued a valuation ruling number 1852 of 2024 here on Monday.

The Customs values have been revised on the import of cannula/IV catheter with or without stoppers.

Earlier, the Customs values of IV cannula/IV catheter were determined under Section 25A of the Act, vide valuation ruling No 1770/2023.

The Director General of Customs Valuation, Karachi vide order in Revision No 38/2023 stated: “It is observed that the issues highlighted by the representatives of M/s Hashir Surgical Services regarding the inclusion of their brand in valuation ruling namely ‘Top’ imported from Malaysia, and the difference between Customs value of IV cannula, with stopper and without stopper, imported from Vietnam, need consideration by the department.”

Therefore, an exercise was initiated by the Directorate of Valuation, Karachi to re-determine the Customs values of the subject goods.

In this regard, a meeting was held in the Directorate of Customs Valuation, Karachi. 90 days’ clearance data has been retrieved and the same has been scrutinised. Subsequently, a market inquiry has been conducted and examined in the light of this Directorate’s Office Order No17/2014 and in terms of Section 25 (7) read with Section 25(9) of the Customs Act, 1969.

Copyright Business Recorder, 2024