ISLAMABAD: The Directorate General of Customs Valuation Karachi has revised import values on the import of silicon in primary form from China and other origins.
In this regard, the directorate has issued a valuation ruling 2028 of 2025 on Thursday. The directorate has re-determined minimum customs values on the import of silicon in primary form (emulsion grade) and silicon in primary form (fluid/oil grade).
The new ruling revealed that the customs values of silicon in primary form were determined vide Valuation Ruling No. 1951-2025 which was challenged before the Director General of Customs Valuation under Section 25D of the Customs Act, 1969 by M/s Harris Silicon & Glass (Pvt) Ltd.
The Director General vide Order-in-Revision No.2312025 dated 25.03.2025 directed the Directorate to revisit the customs values of subject goods. Accordingly, proceedings for the re-determination of customs values of subject goods was initiated under Section 25A of the Customs Act, 1969.
Nvidia, AMD to pay US 15pc of AI chip sales to China: reports
Meeting for customs values of subject goods was held on the aforesaid date that was attended by the relevant stakeholders. Their viewpoints were heard in detail in view for the determination of customs values of the subject goods under Section 25A of the Customs Act, 1969. They were requested to submit relevant import documents to substantiate their contentions.
For the determination of customs values of subject goods, 90 days’ data was retrieved and the same was thoroughly scrutinized. Some references of declared values were available.
Valuation methods specified in section 25 of the Customs Act, 1969, were duly applied in sequential order to arrive at the Customs values of subject goods. The transaction value method as provided in sub-section (1) of Section 25 of the Customs Act,l969,was found inapplicable due to absence of information as required under sub-section (2) of Section 25 of Customs Act, 1969. Therefore, identical and similar goods value methods provided in Section 25(5) and 25(6) were examined for applicability to determine Customs values of subject goods. However, it was found that the same could not be solely relied upon due to absence of absolute demonstrable evidence of quantities, qualities and grades. Information available was, hence, found incomplete.
Moreover, Declared Values (DV) of similar goods showed consistent variations. As the subject goods being an industrial item and not available in market, therefore, market inquiry of such goods was not possible. Therefore, Section 25(7) of the customs act 1969 was also found inapplicable. In line with statutory sequential order of section 25, Computed value method, as provided in Section 25(8) of the Customs Act, 1969 was examined, but the same also could not be applied as the conversion cost from the constituent materials and allied expenses, in the country of export, were not available for manufacturing of the said goods. Finally, the Customs values of the subject goods have been determined under Section 25(9) read with Section 25 (5) and 25(6) of the Customs Act, 1969.
Copyright Business Recorder, 2025
Comments
Comments are closed for this article.