KARACHI: The Directorate General of Customs Valuation is actively pursuing ‘Tanveer Plan’ and the development of database values and issuance of reference values of importable items have started yielding results.
Director General Customs Valuation Syed Tanveer Ahmed devised a plan to streamline values of importable values to check under-invoicing, which is not only causing revenue loss to the exchequer, but it also has deprived the local manufacturing of level playing field.
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.
The reference values of glass refills for vacuum flasks under PCT 7020.0020 of China are fixed at $1.80/kg.
The reference values of Set Top Box (STB)/TV Tuner (low end brands) under PCT 8528.7190 of China are fixed at $7.40/pc. The reference values of Android TV box under PCT 8529.9090 of China are fixed at $27/pc.