Reference values of potable AC issued
KARACHI: Directorate General of Customs Valuation has issued reference values of potable air conditioner.
Directorate General initiated an exercise to develop database values for different items wherein it has been observed that declarations are wide range and do not correctly reflect values of the items as traded in the international market. During the scrutiny of previous clearance data, it has been observed that Potable Air conditioner Failing under PCT headings 8415.1020 are being assessed at different values and certain transactions are on very low side.
Directorate General, after carefully examining the clearance data, also conducted market inquiries to verify the authenticity of declarations. Online prices were also obtained to corroborate the findings of the market surveys.
Reference values of potable air conditioner (12000 BTU) low end brand of China are $160/pc.