ISLAMABAD: The Directorate General Customs Valuation, Karachi has revised customs values on the import of face/talcum powder, face and skin cream/lotions, tooth paste, after shave, shaving cream/gel/foam, soap in other forms, and facial wash.
According to a valuation ruling issued by the Directorate General Customs, earlier the customs values of these items were determined under Section 25A of the Customs Act, 1969 vide (“Valuation Ruling No.1410/2019 dated 01-11-2019, which was challenged under Section 25-D of the Customs Act, 1969.
The director general of Customs Valuation had upheld the said ruling.
He, however, directed that the valuation ruling was almost one-year-old and, therefore, a fresh valuation ruling may be issued.
Therefore, an exercise was undertaken by the Directorate General of Customs Valuation to determine the customs values of subject goods in terms of Section 25-A of Customs Act, 1969.
The new ruling has divided these items into four categories of brands, ie, A-category brands; B-category brands; C-category brands, and D-category brands for setting minimum customs values of the imported items.
During the meetings, the importers/stakeholders contended that the values and demand of subject goods have gone down due to Covid factor globally, and therefore, the same should be reflected in valuation ruling.
Some importers submitted few documents which were examined along with market surveys and past clearance data to determine customs values of subject goods, the ruling added.
Copyright Business Recorder, 2021
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