Reference customs values of various goods 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 Gentamycin Injection 80MG 2ml under PCT 3004.2000 of China are fixed at $5.25/kg. The reference values of PVC Toilet seat cover under PCT 3922.2000 are fixed at $2.96/kg.

The reference values of Virtual Reality Glass/Box 2.0 under PCT 8521.9090 of China are fixed at $4.5/kg. The reference values of Glass Mosaic Tiles under PCT 7016.1000 of China are fixed at $2.9/kg.

The reference values of Plug Wrap Paper under PCT 4813.2000 of Indonesia are fixed at $1.85/kg. The reference values of Non-cellular Rubber Sheet under PCT 4008.2190 of China are fixed at $0.8/kg.

The reference values of Feeding Tube under PCT 9018.3990 of China are fixed at $0.06/pc. The reference values of Yankaure under PCT 9018.9090 of China are fixed at $0.17/pc.

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