KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has rejected the revision petition of powder milk importers and upheld the customs values determined vide Valuation Ruling No.843/2016.
Traders of milk powder and milk products including Haji Razzak Haji Habib Jano and others filed a revision petition praying to declare impugned Valuation Ruling 843/2016 illegal and mala fide. They also sought that that the imports of Skimmed Milk Powder (In Bulk Packing) be assessed as per the actual transaction value.
They were of the view the prices of skimmed milk powder had declined in the international market and traded at rate lower than the values determined by the above mentioned ruling.
They contended that the prices of Skimmed Milk Powder (in Bulk packing) have further been reduced in the international market and are presently available at considerable lower values than those improperly and unlawfully fixed purportedly determined through the impugned Valuation Ruling.
Asad Khan Advocate challenged the impugned valuation ruling S No.1, however, they stated that values have been increased to $ 1.80/Kg which are still lower than determined customs values.
Directorate requested to all stakeholders to provide or bring some requisite documents including Sales Tax invoices or Sales bills but the participants however, declined to submit the bills to prove their contention and for knowing the correct market prices.
On line prices were retrieved from Zauba, which were on higher side, market survey was conducted to know the factual values of the subject items, which did not reflected any reduction in selling prices.
After detailed deliberation of the case, DG Syed Tanveer Ahmed noted the customs values appear to be fair and normal and issued after exhausting all the available provisions under the law, the same is therefore, upheld and revision petition is rejected.