Customs values of porcelain insulator/bushing for power transformer determined

KARACHI: The Directorate General of Customs Valuation has determined the values of porcelain insulator/bushing for power transformer vide Valuation Ruling No. 729/2015.

Customs values of disc porcelain insulators and pin porcelain insulators were determined in 2007. M/s Emco Industries Limited made several representations in the valuation department to re-determine porcelain insulator/bushing for power transformer values to correctly reflect international prices.

It was also stated that porcelain insulators are covered under Code 8546.2000, while some clearance have been made under code 8504.9020 which pertains to bushing for power transformer.

They agitated that certain elements were involved in under-invoicing and misuse of classification and hurting their business.

Therefore, an exercise was carried on and values were re-determined. Bushing for power transformer of China under PCT 8504.9020 and Electrical porcelain disc insulator of China under PCT 8546.2000 will be assessed to duty/taxes at $2.0 per KG. Electrical porcelain pin insulator of China under PCT 8546.2000 will assessed to duty and taxes at $7.0 per KG.

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