KARACHI: The Directorate General of Customs Valuation has determined the customs values of frequency inverters vide valuation ruling No. 751/2015.
It was brought to the notice of the Directorate General that frequency inverters are being imported at lower and variable values. Therefore, an exercise to determine the customs values of the subject goods.
Meetings were held with stakeholders including importers, local manufacturers and representatives of trade bodies.
During the meetings, importers appreciated determination of customs values of frequency inverter and stated that frequency inverters are also used for industrial purpose and that their prices depend on KW ranging from 0.75 KW to 185 KW. They are mostly importer from China. They further proposed that the prices of frequency inverter may be considered in KG.
Frequency inverter below 1KW without battery under PCT 8504.4090 of China origin would be assessed to duty and taxes at $40/KW; Frequency inverter of 1KW and above without battery under PCT 8504.4090 of China origin would be assessed to duty and taxes at $35/KW.