KARACHI: Director Customs Valuation Manzoor hussain Memon has determined the Customs values of silicone in primary form vide Valuation Ruling No.779/2015.
A reference was received from MCC- Appraisement (East) regarding determination of customs value of Silicone in primary form (H.S. Code: 3910.0000).
The subject items having different grades were being assessed/cleared at different, albeit, under-invoiced values. It has also been noticed that silicon in primary form is imported into Pakistan from different origins, mostly comprising release agents, anti-foam, softener of emulsion grade and in addition to above Amino function products of fluid/oil grade.
So broadly, it can be categorized in the two basic forms i.e. Emulsion grade and Fluid/Oil grade. In addition to above, since, Valuation Ruling of this item has been issued before and new Ruling is essential so as to avoid under invoicing. Accordingly, an exercise was initiated to determine the customs value of Silicone in primary form, with a view to reflect the current prices prevailing in the international markets.
Henceforth, silicone in primary form (emulsion grade) under PCT 3910.0000 of all origins would be assessed to duty and taxes at the rate of $2.0/kg while silicone in primary form (Fluid oil/grade) under PCT 3910.0000 of all origins would be assessed to duty and taxes at the rate of $2.35/kg.