More valuation guidelines notified

KARACHI: The Directorate General of Customs Valuation is actively pursuing ‘Tanveer Plan’ and the development of database values and issuance of reference values of importable items have started yielding results.

Director General Customs Valuation Syed Tanveer Ahmed devised a plan to streamline values of importable values to check under-invoicing, which is not only causing revenue loss to the exchequer, but it also has deprived the local manufacturing of level playing field.

Directorate General of Customs Valuation has initiated an exercise to develop database values for different items wherein it has been observed that declarations are wide range and do not correctly reflect values of the items as traded in the international market.

The reference values of Nebulizer Compressor/machine under PCT 9019.2030 of all origins are fixed at $6.2/kg ($11.5/pc).

The reference values of men/women leather shoes (Leoss, Empoli and similar other brands) under PCT 6403 of Italy are fixed at $60/pair. The reference values of men/women leather shoes (Pampa and similar other brands) under PCT 6403 of Turkey are fixed at $30/pair.

The reference values of Heparin Cap under PCT 9018.9090 of China are fixed at $0.022/pc.

The reference values of Endotracheal Tube (un-cuffed) of China are fixed at $0.18/pc. The reference values of Endotracheal Tube (cuffed) of China are fixed at $0.22/pc.

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