Customs valuation revised for shoe polish up to $1.40 per kg

KARACHI: Pakistan Customs has determined customs values for shoe polish up to $1.40 per kilogram for collection of duty and taxes.
On Friday, Directorate General of Customs Valuation has issued fresh valuation ruling No. 691/2014 under Section 25-A of the Customs Act, 1969.
The following customs values are included:
Shoe polish tin pack of China origin will be assessed at $0.90 and $1.20 per kg;
Shoe polish tin pack of Turkey origin will be assessed at $1 and $1.30 per kg;
Shoe polish tin pack of other origin will be assessed at $1.10 and $1.40 per kg
Meetings were held with stakeholders for fixation of customs values of the shoe polish.
According to notification, deductive value method was applied to arrive at the assessable customs values of the subject good.
A notification said that 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 determined in this ruling.
A review petition may be filed against this ruling within 30 days from the date of issue before the Director General, Directorate General of Customs Valuation.
It said that the Collectorate of Customs should ensure that the values given in the ruling for the given description of goods are applied by the concerned staff without fail and any anomaly observed may kindly be brought to the notice of Directorate General immediately.

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