DG Valuation revises Valuation Ruling No.650/2014

KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has revised Valuation Ruling No.650/2014 vis-à-vis the customs values of menthol crystals in an order in revision issued in line with the directives of High Court.

M/s A.O Enterprises Karachi had filed a CP before High Court. In compliance of the orders of High Court of Sindh, the consignment of M/s A.O Enterprises was released provisionally and hearing opportunity was granted to M/s A.O. Enterprises to substantiate their view point with documentary evidences.

Osama bin Siddique of the imported submitted they imported menthol crystal smoking grade at $5/kg from Singapore whereas in Valuation Ruling No.650/2014 the customs value of menthol crystal (pharmaceutical grade) was determined at $18/kg for Chinese origin, $18/kg for Indian origin and $30/kg for all other origins, which is not applicable on their imports.

He further contended that their item is of low density so does not affect throat and low melting point. He contended that pharma grade whose customs values are determined in Valuation Ruling No.650/2014 is of high density and high melting point.

After due deliberation, DG revised the values determined vide the impugned valuation ruling.

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