Customs Valuation notifies guidelines to avoid under-invoicing

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 tooth pick (low end brands in paper packing) under PCT 4419.0000 of China are fixed at $1.25/kg.

The reference values of wooden cloth hangers under PCT 4421.1000 of China are fixed at $2.0/kg.

The reference values of Samsung Tablet 9.7 under PCT 8471.3010 of China are fixed at $70/pc.

The reference values of Gasoline water pump 5.5hp (low-end brand) under PCT 8413.7090 of China are fixed at $54/pc. The reference values of Gasoline water pump 6.5hp (low-end brand) under PCT 8413.7090 of China are fixed at $67/pc.

The reference values of Monoblock pump 0.5hp (low-end brand) under PCT 8413.3090 of China are fixed at $19/pc. The reference values of Monoblock pump 1.0hp (low-end brand) under PCT 8413.3090 of China are fixed at $36/pc.

The reference values of Desiccated coconut high fat under PCT 0801.1100 of all origins are fixed at $2.05/kg. The reference values of Desiccated coconut low fat under PCT 0801.1100 of all origins are fixed at $1.3/kg.

Print Friendly
Bookmark the permalink.

Comments are closed

  • [qrcode size="150" alt="QrCode" class="qrcode" credit="FALSE"]