KARACHI: Directorate General of Customs Valuation 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 in the international market.
During the scrutiny of previous clearance data, it was observed that American Tourister brand Hard Top Suitcase falling under PCT headings 4202.1220 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. The reference customs values of American Tourister brand Hard Top Suitcase (75cm) of China are $65/pc.