KARACHI: The Director of Customs Valuation Karachi Dr. Wasif Memon has revised the customs values of PVC transparent clear flexible/printed sheet vide Valuation Ruling No.862/2016.
Customs values of PVC Transparent Clear Flexible/Printed Sheet were earlier determined through Valuation Ruling No.409/2011.Number of representations was received from importers against the said ruling. The High Court of Sindh n constitutional petition directed that in cases where the valuation ruling is more than 90 days old, fresh consignments of such importers shall be allowed provisional release by securing the differential amount of duty and taxes in the shape of Pay Order/ Bank Guarantee by the Director Valuation and or the concerned Collector without fail. Since more than two years have been passed and a number of representations were received from commercial importers regarding values determined, an exercise was initiated to re-determine the values of PVC transparent clear flexible/printed sheet under PCT 3920.4300.
The customs values of PVC transparent clear flexible sheet of China and Taiwan are fixed at $1.55/KG, of all other origins at $1.85/KG.
The customs values of PVC printed flexible sheet of China and Taiwan are fixed at $1.60/KG, of all other origins at $1.99/KG.
The customs values of PVC cling film of China are fixed at $2.01/KG, of all other origins at $2.75/KG.