KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has rejected a revision petition filed by M/s Meerab Enterprises and M/s Shahid Brothers seeking revision of Valuation Ruling No.938/2016.
A commercial importer Muhammad Owais Uddin Sharif appeared on behalf of M/s Shahid Brothers. He stated that they are importing Aluminum Oxide and Calcined Alumina CA from India at $0.52/kg and $0.76/kg Korea origin whereas customs values have been determined at $0.87/kg of China origin and $1.10/kg of other origins.
India and Korea both origins fall in other origins category which are on higher side. The petitioner requested to determine the customs values downward and Indian origin be clubbed with China. They further contended that their import quality is in bulk, last L/C is of 88 M.Ton, therefore, they emphasize reduction of customs values of Korean and Indian imports of Aluminum Oxide and Calcined Alumina.
After detailed deliberation, Syed Tanveer Ahmed inferred that customs values of Chinese origin and other origins have been fixed rightly. Therefore, the petition is rejected.