Customs values of linear alkyl benzene sulphonic acid revised

KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has revised the customs value of linear Alkyl Benzene Sulphonic acid at $1160/MT while the customs values of linear alkyl benzene sulphonic acid for land route of Iranian origin is fixed at $1150/MT.

Syed Tanveer Ahmed on the review petition of M/s Pakistan Soap Manufacturers and others amended the Valuation Ruling No.999/2016.

Representative of Pakistan Chemical and Dyes Merchant Association, Pakistan Soap Manufacturer’s Association, importers and local manufacturer (Zubair Tufail Chemicals) of linear Alkyl Benzene Sulphonic Acid attended the meeting. All their stakeholders consented that the customs value of linear alkyl benzene sulphonic acid of all origin may be determined at $1160/MT. They also stated that value of Iran origin (land route) may be fixed at $1150/MT.

The stakeholders stated that the local manufacturer M/s Tufail Chemical Industries (50,000 MT) and M/s Colgate Industries (20,000 MT) are producing 80% to 85% of Pakistan requirements of subject item. M/s Tufail Chemical Industries Ltd are the largest supplier in the local market and M/s Colgate Industries are meeting their own requirements. M/s Zubair Tufail Chemicals also agreed to fix the value of linear alkyl benzene sulphonic acid at $1160/MT and $1150/MT for Iran.

The value of the item was checked from ICIS (Scan). The international data confirmed that the prevailing value of Alkyl benzene Sulphonic acid is $1160/MT. The customs value of linear alkyl benzene sulphonic acid (all origin) is therefore determined at $1160/MT whereas for land route of Iranian origin goods is fixed at $1150/MT.

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