Customs values of automobile bulbs revised

Customs values of automobile bulbs revised

KARACHI: Directorate General of Customs Valuation has revised the values of auto mobile bulbs and modified the Valuation Ruling No.865/2016 through order-in-revision No.272/2016. M/s PASPIDA and other had approached the Director General Syed Tanveer Ahmed that Chinese origin automotive & motor cycle Bulbs are manufactured by Chinese small home industry from very cheap raw material without involvement of any computerized machinery, hence, these are not durable. A number of imported bulbs are found fused and/or damaged which certainly adds to their cost to the importer who had already paid for the same. Drastic decline in petroleum prices in the recent era has also caused substantial decrease in the transaction value of all the importable items from the whole world. They submitted that recent decline in the international market prices required downward revision of the aforesaid assessable prices of the impugned bulbs. However, on contrary and reportedly on the demand of clearing Customs Collectorate, the Director of Customs Valuation, Karachi again called meetings of the stakeholders for group discussions/analysis for upward revision The petitioner stated that the prices have been determined on higher side whereas import prices of the subject item are available on lesser side on international market as well as in the local market. Accordingly, a market survey was conducted. The survey revealed that some values are correct but majority is at higher level. The prices were checked from Chinese websites and found on lower side. Keeping in view of the above facts, Director General inferred that the contention of the importer is valid and valuation ruling needs revision. Moreover, the contention of the importers is that value of parts for assembling also needs to be fixed as some people are bringing complete bulbs in the garb of assembling pans. Syed Tanveer advised Director Valuation to fix value of the parts for assemblers through a new Valuation Ruling in 20 days. While values of auto bulbs have been revised.
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