KARACHI: The Directorate General of Customs Valuation has determined the customs values of toffees, candies and sugar confectionary up to 2.15 per kilogram as it was being imported on under-invoiced values which causing loss of revenue to government exchequer, as per notification.
The following customs values are assessed under Section 25-A of the Customs Act, 1969 included:
Candy with origins China, Far East, Middle East, Turkey, Europe and USA under PCT code 1704.9090 will be assessed up to (C&F) $1.00 to $1.80 per kg.
Toffee with origin Far East, Middle East, Turkey, Europe and USA under PCT code 1704.9090 will be assessed up to $1.55 to $1.95 per kg.
Compound chocolate with origin Turkey under PCT code 1704.9090 will be assessed at the rate of (C&F) $2.15 per kg.
Lolly pop with all origins under PCT code 1704.9090 will be assessed at the rate (C&F) $1.75 per kg.
Fruittella polo mentos with all origins under Pct code 1704.9090 will be assessed at the rate of (C&F) $1.90 per kg.
Jelly with all origins under PCT code 1704.9090 will be assessed at the rate of (C&F) $1.20 per kg.
Meetings were held with all stakeholders including Federation of Pakistan Chamber of Commerce and Industry FPCCI and Karachi Chambers of Commerce of Industry KCCI representatives to obtain stakeholder views on above customs valuation.
If transactional values are higher that the customs value determine in this ruling, the assessing officer shall apply those values in terms of Sub-Section (1) of Section 25 of the Customs Act, 1969.
In case of consignments imported by air, the assessing officer shall take into account the differential between air freight and sea freight while applying the customs values.
The ruling is valid until and unless it is revised by the competent authority and review petition may be filed against the ruling under Section 25-D within 30 days from the date of issue, before the Directorate General of Customs Valuation.
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