KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has amended the Valuation Ruling No. 882/2016 and fixed the customs values of disposable plastic boxes, case conters, bowls, poly propylene jelly cups and similar articles including plastic disposable household articles of all origins under PCT 3923 at $3.0/kg.
M/s Synthetic Product Enterprises engaged in business of manufacturing, local supply and export of plastic cups/food containers/disposable food packaging approached Directorate General of Customs Valuation seeking modification in the Valuation Ruling No.882/2016.
The petitioner provided the calculation of cost of production in respect of disposable plastic products in order to substantiate the assertion that the values fixed in the impugned Ruling were even below the prevailing manufacturing cost. The petitioner submitted the goods were being exported at a price varying between $5.01/kg to $5.14/kg. Further export prices quoted by a Chinese exporter M/s Ruian Polyprint Import & Export Company vary between $3.75 to $4.97/kg.
The petitioner also submitted that the values determined vide Valuation Ruling No.882/2016 were not supported by actual calculation or the prevailing international prices.
The Director General after detailed deliberation of the case amended the impugned Valuation Ruling and fixed the values of the goods at $3.0/kg.