Customs values of gypsum board, fiber board upheld

KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has rejected a revision petition filed by M/s Lasbela Chambers of Commerce & Industry and others and upheld the values of Gypsum Board and Fiber Board determined vide Valuation Ruling No.951/2016.

M/s DFB Gypsum Board and other has agitated against the Valuation Ruling No.951/2016 that valuation method given in the Customs Act 1969 was not followed while determining the values and requested revision in the customs values of Gypsum Board and Fiber Board in the light of WeBOC data of imports made during July- September 2016.

After due consideration of the case, Syed Tanveer Ahmed inferred that the impugned valuation ruling had been correctly determined and rejected the revision petitions.

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