Customs values of brown Kraft liner board stay $585/MT
KARACHI: Director General of Customs Valuation, Samaira Nazir Khan has rejected the revision petition of three importers of unbleached brown Kraft liner board. They sought downward revision in the customs values of the goods.
According to details, M/s Tabassum Khurshid & Co., M/s Khurshid Sons and M/s Graduate Timber Works approached the Directorate General that the values of unbleached brown Kraft liner board are still at higher side and international prices are low.
The importers submitted that on the basis of last three-month data, the values were around $560-$570/MT compared with $585/MT as notified vide Valuation Ruling 721/2015.
Principal Appraiser Safdar Abbas representing Directorate of Customs Valuation Karachi submitted that while issuing the Valuation Ruling No721/2015, an intensive exercise for determining the fair and normal values of bleached/un-bleached Kraft Liner and Sack Kraft Paper of Poland and other origins were determined.
Whereas these values have backing and strength of physical import evidences and market survey report, besides these values were discussed with representative of trade bodies. Paper Association has endorsed these values when discussed with them in the meeting.
After hearing both sides and deliberations in detail, DG Customs Valuation rejected the revision petition accordingly.