Review petition against customs valuation of coated duplex board dismissed

KARACHI: The Directorate General of Customs Valuation has dismissed a review petition filed by M/s Trade International against the valuation ruling No. 722/2015.

The Revision Petition was filed by M/s Trade International, Lahore against Valuation Ruling No.722/2015, which relates to valuation of Duplex Board covered under H.S Code 4810.

The petitioner through the counselor reiterated that the value of Duplex Board other than Grey back of Chinese origin has been valued at $710/MT as against the values submitted by the petitioner ranging from $668 to $690/MT and very few were higher than that.

It was argued that the Director Valuation considered the highest value and ignored the larger quantum of import and it was requested that consideration for revising the said values may be under taken.

DG Customs Valuation, Samaira Nazir Khan examined the submission and also gone through the facts of the case on record. Khan been observed that this ruling was basically a revision of previous Valuation Ruling No.694/2014.

Proceedings of this revision of values were carried out by the Director Valuation, in consideration of the representations made by importers and All Pakistan Paper Merchants Association to bring them in line with international market prices. It, therefore reflects that the decision was concluded after examining the stakeholders view point as well as the material facts and data placed on record.

The DG Customs Valuation noted the petitioners mainly contended that they had given evidences to justify the actual transaction value, which was based upon L/C and other documents but the same, was not considered by Director Valuation.

In this regard, they have admitted that the import prices were in the range of $668/MT to $690/MT and evidences of values higher than this price range also did exist. As such, while accepting this ground reality, the petitioner has been unable to convince as to why the evidence of higher value should have not been made the basis of value determination.

M/s Trade International’s argument that the shipments for subsequent orders have been settled by them at $668-$680 are apparently related to futuristic imports and actual transaction of goods was yet to take place. Therefore it may not have any relevance with the valuation decided in the subject case.

In the submissions given by the Departmental Representative, the DG observed that all the factors concerning the importers representation with respect to price variation was duly taken into account and based upon the evidences reflected in the import data, the Department has determined the Customs values as covered in the impugned Valuation Ruling and has justified the same in the light of findings of enquiry.

Samaira Nazir Khan found that the impugned ruling was decided in accordance with law and prescribed procedure while the department’s representatives have given valid reasons and substantial grounds to justify issuance of the same.

The impugned Valuation Ruling is therefore maintained and the revision petition is dismissed and disposed of accordingly.

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