KARACHI: The Directorate General of Customs Valuation has determined the customs values of PVC Electric Insulation Tape vide valuation Ruling No.726/2015.

According to details, many representations were received in the valuation department for re-determining the values of PVC Electric insulation tape for correctly reflecting international prices. Separately, the valuation department also received many complaints that the assessing staff is allowing different tare weights at different customs station.

Moreover, representatives of Karachi Chamber of Commerce & Industry also fervently thrown off balance on the issue of the confusion of net and gross weight at the time when the DG Valuation visited KCCI which resulted into the re-determination of the values of said goods.
Stakeholders meetings were held on Mar 19 and Apr 07 2015, for getting maximum input and feedback of the representatives of importers, local manufacturers, Clearance Collectorate, KCCI etc on the subject issue.
Moreover, it is important to mention that in the said meetings, it was made unequivocal that either insulation tape is imported in log roll or retail packing and very rarely imported in jumbo roll. During the meeting, representatives also strongly agitated against the varied practices agreed upon in view of the net and gross weight by different assessing staff.
Furthermore, the samples of different types of insulation tapes in retail packing weighed in the presence of all stakeholders to determine ratio of weight with tare i.e. paperboard spool and covering wrapper in which the essential packing weighed ranged from 23 to 26 percent of total weight.

Director Abdul Rasheed Shaikh has notified the Customs values of PVC Electric Insulation Tape (width exceeding 20 cm for log roll) under PCT Code 3919.9090 are $ 1.25, $ 1.30 and $1.60 for China, Korea, UAE, Taiwan Vietnam, Europe, USA, Canada and Japan, respectively.
Whereas, the Customs values of PVC Electric Insulation Tape (width not exceeding 20 cm for retail packing) $1.40, $1.45 and $1.80 for China, Korea, UAE, Taiwan, Vietnam, Europe, USA, Canada and Japan origin.
During the meeting, it was also clarified that the log roll is different from jumbo roll.
DG of Customs valuation has directed that in case of consignments imported by air, the assessing officer must take into account the differential between the airfreight and sea freight while applying customs values.
DG of Customs valuation has directed the Collectors of customs to ensure that concerned staff should apply the values given in the Ruling for goods description without any fault.

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