KARACHI: The Directorate General of Customs Valuation has revised the Customs values of one sided coated duplex board vide valuation ruling No. 694/2014.
Customs values of ‘One Side Coated Duplex Board Grey Back in Sheets 300GSM & Up and One Side Coated Duplex Board other than Grey Back in Sheets’ were determined through Valuation Ruling No. 549/2013 dated 23-04-2013. All Pakistan Paper Merchants Association vide their letter dated 13-09-2014 requested for revision of above mentioned Ruling especially Korean origin Duplex Board grey back was valued at a much higher price than actual transactional value, therefore, an exercise to re-determine the Customs Values of subject goods was initiated.
Valuation methods given in Section 25 of the Customs Act, 1969 were followed. Transaction value method in terms of Sub-Section (1) of Section 25 provided some reference values in the light of documents and data obtained from different clearance Collectorates.
The said method was found inapplicable because sufficient information with respect of adjustment to be made to the transactional value in terms of section 25(2) was not available. Identical/Similar Goods Method as provided under Sub-Sections (5) & (6) of the Customs Act, 1969, were then applied.
In the sequential order the Directorate conducted a market inquiry using Deductive Value Method under Sub-Section (7) of Section 25 of the Customs Act, 1969. Consequently fall back method as provided under section 25(9) of the Customs Act, 1969 was applied to arrive at the assessable Customs values of One Side Coated Duplex Board Grey Back in Sheets 300GSM & Up and One Side Coated Duplex Board other than Grey Back in Sheets in this case.
One sided coated duplex board grey back in sheet 300gsm & up under PCT 4810.9200 and 4810.9900 of Korea origin will be assessed to duty/taxes at $0.57/KG; goods from China/Hong Kong/Indonesia and Malaysia will be assessed at $0.555/KG; boards of Middle East will be assessed at $0.53/KG and goods of other origins including Europe and USA will be assessed at $0.59/KG.
One sided coated duplex board other grey back in sheets under PCT 4810.9200 and 4810.9900 of China origin will be assessed to duty/taxes at $0.84/KG; Europe origin at $0.89/KG and all other origins at $89/KG.