KARACHI: The director general customs valuation Syed Tanveer Ahmed has pointed out several flaws in Valuation Ruling No.871/2016 and deleted several values of toys/games determined vide the subject valuation ruling.
M/s. NT Computers have pointed out that they have imported a consignment of Electric Indoor Child red Swing/Riders with token and accessories and sought clearance of the goods under H.S. Code 9508.9000. The goods were examined by the shed staff and confirmed their description but during assessment, the concerned group enhanced the declared value of the goods at $30/Kg in the light of Valuation Ruling No.871/2016.
After detailed deliberation, the Director General noted the Valuation Ruling has been found in order. However two items need re-examination by the Director Valuation.
Coin operated Amusement Games/Rides mentioned at serial No. 49 & 50 of the Annex-A to the impugned Valuation Ruling incorporates many machines of different kinds/types. For example the “electric indoor children swing/rides with token and accessories imported by M/s. NT Computers is not properly covered in the aforementioned serial numbers of the Valuation Ruling.
Whereas in this case the Ride body is only 290Kg, but the metal basement, central box, fence and ladder are essential parts of the setup and weight about 1400 Kgs. Determination of custom value of such a setup is not relevant to the referred serial numbers, which reportedly is being involved by the clearance collectorates.
The Department itself accepted that such different setup was not considered while determining values under serial No. 49 and 50 and the values is serial number 49 & 50 only covered Rides without base and accessories.
Secondly, values determined under serial No. 71 & 72 for inflatable toys (swimming pert) are found to be much higher than values of the types of inflatable toys mentioned from at serial No. 73 to 78 and are these in consistent.
Serial No.49, 50, 71 & 72 of the Annexure to Valuation Ruling No.871/2016 are deleted and the clearance Collectorates are advised to finalize their values under section 25 on case to case basis, in accordance with merits of each individual case.
The Director Customs Valuation is directed to conduct a fresh inquiry in respect of these items and issue a separate Valuation Ruling, considering all aspects, outlined above.