KARACHI: Directorate General of Customs Valuation (DGCV) has revised the customs values of uncoated offset paper for writing, printing and photocopy under section 25(7) of the Customs Act, 1969.

According to details, the customs values of uncoated offset paper for writing, printing and photocopy were earlier determined vide valuation ruling no.1428 in 2019. As the ruling was old and values in the international market has been changed, therefore, an exercise was initiated to determine the customs values of aforementioned goods under section 25A of the Customs Act, 1969.

For the purpose, the meeting was held with stakeholders. The meeting was attended by importers and local manufacturers.

The importers requested that the prices of the subject commodity were downward in the international market whereas, the local manufacturer insisted that the prices were on higher side. The matter was discussed at length and the import evidences/invoices available on record were shown to importers.

Thereafter market enquiries as envisaged under section 25(7) of the Customs Act, 1969, were conducted. Online prices were also obtained to corroborate the findings of market survey.

Consequently, the customs values of the uncoated offset paper for writing, printing and photocopy of various types have determined under section 25(7) of the Customs Act, 1969.

Copyright Business Recorder, 2020