KARACHI: Directorate General of Customs Valuation has issued several valuation guidelines for the reference of clearance collectorates.

Directorate General of Customs Valuation Syed Tanveer has initiated an exercise to develop database values for about 2000-3000 different items, which are not commensurate with international price trends.

An exercise was initiated 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 international market.

Director General Syed Tanveer has advised the formation to scrutinize the import data and streamline the values.

During the scrutiny of previous clearance of data, it was observed that several goods are being assessed at different values and certain transactions are on very low side.

The Directorate General after carefully examining the clearance data, also conducted market inquiries to verify the authenticity of declarations. Online prices were also obtained to corroborate the findings of the market surveys.

The reference values under PCT 9018.3990 of Suction Connecting Tube (1/4’2.5M) of China are $0.31/pc; Suction Connecting Tube (1/43.0M) of China at $0.42/pc.

The reference values under PCT 9018.3990 of Foley Baloon Catheter  of China are $0.50/pc; of Taiwan at $0.70/pc. The reference values under PCT 9018.3990 of Stomach Tube of China are $0.10/pc. The reference values under PCT 9018.3990 of Nelaton Tube of China are $0.17/pc.