Customs values of ceramic & porcelain tiles revised
KARACHI: The Directorate General of Customs Valuation has fixed the Customs values of ceramic & porcelain tiles vide Valuation ruling No.758/2015.
This is a very important ruling and Additional Director Iqbal Muneeb and Assistant Collector Dr. Shahzad, on the directives of Director Manzoor Memon, conducted thorough research and survey for this purpose.
Customs values of Ceramic and Porcelain Tiles were determined vide Valuation Ruling No.538/2013. Importers of Tiles have repeatedly agitated against the higher determination of values and requested for revision of values on the ground that the existing Valuation Ruling is more than two years old and price in international market especially China and Iran have gone down considerably.
Recently certain importers have filed petitions in the Sind High court against the existing valuation ruling mainly on the grounds that the existing ruling is very old and needs revision and cannot be applied on the current imports.
Sind High court vide interim order dated September 01, 2015 has directed that goods of the petitioners shall be released subject to deposit of differential of 20 percent of the Customs Duty and taxes with the Nazir of the court and payment of the balance to the Customs.
Keeping in view the aforesaid position, an exercise to re-determine the Customs values of Ceramic and Porcelain Tiles was initiated.
Ceramic & Porcelain Tiles would be assessed to duty and taxes as under: