Valuation Ruling No.655/2014 amended

KARACHI: Directorate General of Customs Valuation has made amendments to the Valuation Ruling No. 655/2014, according to notification issued on Tuesday.
The following addendums/amendments are included:
1. In the existing table-A, model code CBA-GRJ150W-GKAZK appearing in column number 5 against Serial Number 9, 24, 40 and 56 is substituted with model code CBA-GRJ151W-GKAZK.
2. In the existing table-A, model code CBF-TRH200V-SFMDK appearing in column number 5 against Serial number 5, 11, 26, 42, and 58 is substituted with model code CBF-TRH200V-SFPDK.
3. In the existing table-A, model code CBF-TRH200V-SRMDK appearing second time in column number 5 against serial number 5, 11, 26, 42 and 58 is substituted with model code CBF-TRH200V-SRPDK.
It is also notified, in the original valuation ruling after table ‘C’ following note is inserted as serial number (iv) of notes: “Those vehicles which are not mentioned in valuation ruling No. 655/2014 dated March 28, 2014 and addendum/amendment, may be assessed strictly in accordance with the criteria mentioned at para No. 2 of the said valuation ruling provided that vehicles are importable under Import Policy Order and import thereof fulfills all conditions prescribed under the law.”
It added that in case of any dispute or ambiguity, the case may be referred to the Directorate General of Customs Valuation, Karachi, to safeguard the government revenue.

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