KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has amended the Valuation Ruling No. 774/2015 and re-determined the customs values of TP Link and Tenda brand networking equipment.
M/s Zubair Electronics and others had approached Directorate General of Customs Valuation seeking modification in the Valuation Ruling No.774/2015.
The petitioners submitted that TP Link brands are well known and popular, their products are more costly in market, the vital specification of TP Link is missing. The determined customs values of TP Link brand vide impugned valuation ruling is lesser rather than Tenda brand.
They further stated that during the exercise for determination of valuation ruling, the petitioner was totally ignored and neither called for meeting nor suggestion were sought, which is in stark contradiction to the order of the High Court of Sindh.
They contended that the contents of Valuation Ruling do not show the method of calculation and same has not been incorporated in impugned valuation ruling showing cost of profit, sales purchase of importer, whole seller, dealers, retailers etc.
They contended that the values of Tenda brand and TP Link are almost same in the market but the Tenda brand values have been fixed much on higher side than TP Link brand. The petitioner furnished price list of both brands of Tenda and TP Link and requested for inserting in valuation ruling for future.
The Directorate General initiated a process and after market inquiry fixed the customs values of networking equipment as under: