More valuation guidelines notified
KARACHI: Directorate General of Customs Valuation has issued eight more valuation guidelines for the reference of assessment staff to avoid under-invoicing.
Directorate General has 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, the international market.
During the scrutiny of previous clearance data, it has been observed that a number of goods being assessed at different values and certain transactions are on very low side.
Additional Collector Iqbal Muneeb, Deputy Collector Rizwan Bashir, Principal Appraiser Mohammad Aslam and Appraising Officer Iqbal Kalyar 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.
The reference values of oxygen mask under PCT 9020.0020 of China origin are $4.3/kg and other origins are $5.25kg.
The reference of values of Nebulizer Mask under PCT 9020.0020 of China origin are fixed at $4.25/kg, other origins are $$5.1/kg.
The reference of values of disposable gas cigarette lighters under PCT 9613.1000 of China origin are fixed at $0.12/pc, of Far East at $0.15/pc and other origins at $0.18/pc.
Moreover, reference values of lawn tennis balls under PCT 9506.6100 of China are $0.35/pc and all origins are fixed at $0.45/pc.
The reference of values of Electric Water Heater under PCT 8516.1000 of China origin are fixed at $46/pc. The reference of values of Fan Room Heater (low end brands) under PCT 8516.2900 of China origin are fixed at $18/pc.
The reference of values of computer keyboard (low end brands) under PCT 8471.6010 of China origin are fixed at $1.25/pc.