Reference values of Chips, Pistachio notified

Reference values of Chips, Pistachio notified

KARACHI: Directorate General of Customs Valuation has notified valuation guidelines of chips and pistachio for the reference of assessment staff. 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 Pistachio in shell under PCT 0802 of all origins are fixed at $4.5/kg. The reference values of Pistachio shelled under PCT 0802 of all origins are fixed at $7.5/kg. Reference values of Lays Chips assorted flavors of all origins are fixed at $5.4/kg; Reference values of Pringles Chips assorted flavors of all origins are fixed at $3.9/kg; Reference values of Ligo Chips assorted flavors of all origins are fixed at $2.8/kg; Reference values of other brands assorted flavors of all origins are fixed at $3.5/kg.
What is your view on this ? Let us know in the comments section
Ad
More