Reference transaction values of various goods notified

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 Nasal Oxygen Cannula/Tube under PCT 9018.3990 of China are fixed at $0.08/pc. The reference values of Feeding Tube under PCT 9018.3990 of China are fixed at $0.06/pc. The reference values of Yankaure handle/tube under PCT 9018.9090 of China are fixed at $0.17/pc.

The reference values of double bed blankets (all type) under PCT 6301.4000/9000 all origins are fixed at $50/pc. The reference values of single bed blankets (all type) under PCT 6301.4000/9000 all origins are fixed at $28/pc.  The reference values of baby blankets (all type) under PCT 6301.4000/9000 all origins are fixed at $13/pc.

The reference values of gents track suit (all type) under PCT 6103.4900 are fixed at $32/pc. The reference values of men/women T-shirt (all type) under PCT 6105.1000 are fixed at $12/pc. Reference values of men/women shirt (all type) under PCT 6105.1000 are fixed at $12/pc. Reference values of men/women Trouser (all type) under PCT 6105.1000 are fixed at $26/pc.

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