KARACHI: The Directorate General of Customs Valuation has revised the Customs values of ‘Head Phone’ vide Valuation Ruling No.676/2014.

The valuation of Head Phone was initially decided vide Valuation Ruling No.610 dated 22-11-2013, which was amended through Corrigendum dated 25-02-2014, in pursuance of the directives issued by the Director General Customs Valuation in a Review Application. However, representation against this Corrigendum was made by importers through KCCI and requested for its reconsideration. Therefore, meetings were held with the stakeholders to reconsider and determine the Customs values of the subject goods afresh, under Section 25-A of the Customs Act, 1969.

Valuation methods provided in Section 25 of the Customs Act, 1969 were followed. Transaction value method provided in Sub-Section (1) of Section 25 was found inapplicable because requisite information was not available as per law. Identical / similar goods value methods provided in Sub-Sections (5) & (6) of Section 25 ibid were also not found applicable for determination of the customs values due to unreliable and variable values. Consequently, findings of market enquiry as envisaged under Sub-Section (7) read with Sub-Section (9) of Section 25 of the Act were adopted to determine Customs values for Head Phone. Head Phone International Brands (Creative, Bosch, Logitech, Philips, Toshiba, Sony, Beats, Samsung, Nokia, LG, Cannon & Yamaha) of China origin under PCT 8518.3000 would now be assessed to duties/taxes at the rate of $4.7 per piece.

Head Phone other than the international brands mentioned above of China origin would be assessed to duty/taxes at $0.95 per piece.