ISLAMABAD: Member Customs has been given powers to annul or modify the order passed by the director-general of customs valuation.
An amendment has been introduced through Tax Laws (Third Amendment) Ordinance, 2021. A new proviso has been inserted to Section 25D of the Customs Act, 1969.
Section 25D deals with a review of the value determined.
The text of the section is: “—Notwithstanding the provision contained in section 25A, the Director-General Valuation may on his own motion or in pursuance to a review petition made to him within thirty days from the date of determination by any person or an officer of Customs may rescind or determine the value afresh:
Provided that the proceedings so initiated shall be completed within sixty days of the filing of the review petition or initiation of proceedings as the case may be.”
The new proviso has been inserted which is:
“Provided further that a person aggrieved of the value determined by the Director-General Valuation may within thirty days of communication of such order, prefer an appeal to the Member Customs (Policy) who may pass an order annulling, modifying or confirming the order passed by the Director-General.”