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Tag: Valuation Ruling

  • Pakistan Customs revises valuation ruling for drinking powder

    Pakistan Customs revises valuation ruling for drinking powder

    KARACHI: Pakistan Customs has issued Valuation Ruling No. 1516 for determination of duty and taxes at the time of clearance of imported food supplements (drinking powder), sources said on Wednesday.

    The Directorate of Customs Valuation while issuing the valuation ruling dated February 18, 2021 stated that earlier the customs values of food supplements (drinking powder) were determined under Section 25A of the Customs Act, 1969 through Valuation Ruling No. 792/2016 dated January 11, 2016 read with Order in Revision No. 198/2016 dated June 15, 2016 and No. 176/2016 dated March 18, 2016.

    It said that M/s. Nestle Pakistan and M/s. Unilever Pakistan had requested for re-determination of Customs values of the goods.

    It further said that as the valuation ruling was very old and a considerable time had passed and significant variations in the international prices of food supplements (drinking powder) has taken place.

    The directorate said that meetings were held on August 12, 2020 and October 13, 2020 with the stakeholders of the goods.

    The importers/stakeholders were asked to submit documents so that customs values could be determined. The stakeholders were asked to provide following documents:

    i. Invoice of import during last three months showing factual value.

    ii. Websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained.

    iii. Copies of contracts made/Letter of Credit (LCs) opened during the last three months showing the value of items in question.

    iv. Copies of sales tax invoices issued during last one year showing the difference in price (excluding duty and taxes) to substantiate their contention.

    The directorate issued the following customs values (C&F) US$/kg:

    01. Drinking Powders ‘Ovaltine’ in glass bottle: 3.66

    02. Drinking Powder ‘Ovaltine’ in Plastic bottle: 3.28

    03. Drinking Powder ‘Ovaltine’ in plastic bags/pouches: 3.12

    04. Drinking Powder ‘Ovaltine’ in paper bag: 2.95

    05. Drinking Powder’ Milo, Bournvita and Complan’ in plastic bottle: 4.43

    06. Drinking Powder’ Milo, Bournvita and Complan’ in plastic bags/pouches: 3.62

    07. Drinking Powder’ Milo, Bournvita and Complan’ in paper bags: 4.03

    08. Drinking Powder ‘ Milo’ in tin pack: 4.63

    09. Drinking Powder ‘Nesquick’ in plastic bottle: 3.92

    10. Drinking Powder ‘Nesquick’ in paper bags: 4.90

    11. Drinking Powder ‘Horlicks’ in plastic bottle: 3.75

    12. Drinking Powder ‘Horlicks’ in paper bags: 3.60

    13. Drinking Powder ‘Horlicks’ in glass bottle: 4.20

    14. Drinking Powder ‘Milo’ in bulk packing (25kg or above): 2.90

    The directorate said that above values do not apply to the imports made directly made by the multinational companies from their sister concerns. Such consignments shall be assessed in accordance with provisions of Section 25 of Customs Act, 1969 and kept under close watch.

    Any anomaly observed may be taken cognizance of and reported to the directorate.

  • FBR issues fresh customs valuation for mobile phones

    FBR issues fresh customs valuation for mobile phones

    KARACHI: Federal Board of Revenue (FBR) has issued fresh customs values of mobile phone devices for the determination of duty and tax, sources said on Tuesday.

    The Directorate General of Customs Valuation has issued valuation advice dated February 18, 2021, in respect of mobile phone devices to determine assessable customs values of mobile phone devices.

    The directorate said that customs values as given in column 7 of the attached images may be considered for the purpose of assessment of duty and taxes.

    These values will also be relevant for assessment and proceedings under SRO 1455(I)/2018 and SRO 1456(I)/2018 both dated November 29, 2018 read with Customs General Order No. 06/2018 dated November 29, 2018.

    The directorate further said that the enclosed list is not exhaustive; however, mostly traded brands and models as provided by Mobile Phone Importers and Manufacturers Association (MPIMA).

    For assessment of brands and models which are imported in commercial quantity but are not included in the enclosed annexure, the clearance collectorate have been advised to assess those under Section 81 of the Customs Act, 1969 and then forward a reference to the directorate for final determination of values thereof.

    It further said that where in the enclosed annexure, type approval is not given or is under process, clearance collectorate shall fulfill the regulatory requirements pertaining for type approval/certificate of compliance from PTA first as envisaged under the law.

    It is pertinent to mention that the valuation advice will be regularly updated and issued accordingly.

    Following is the fresh customs valuation for mobile phone devices:

    mobile phone advice 01mobile phone advice 02mobile phone advice 03mobile phone advice 04mobile phone advice 05mobile phone advice 06

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  • Customs values increased for imported imitation jewellery

    Customs values increased for imported imitation jewellery

    KARACHI: Customs values of imported artificial / imitation jewellery have been increased for determination of duty and taxes at the time of customs clearance.

    The Directorate General of Customs Valuation has issued Valuation Ruling No. 1509/2021 dated January 27, 2021.

    The directorate said that earlier the customs values of artificial jewellery were determined under Section 25A of Customs Act, 1969 through Valuation Ruling No. 1376/2019 dated May 30, 2019.

    The directorate general of customs valuation was tasked by the Federal Board of Revenue (FBR) to identify the items/goods where variation with respect to values in exporting countries viz-a-viz import values in Pakistan were observed and where valuation ruling already exist.

    Accordingly, a special team was constituted in Directorate General of Customs Valuation, which identified the subject items where vast variations in declarations/specifications were observed.

    Accordingly, an exercise was initiated to re-determine the customs values of artificial imitation jewellery under Section 25A of the Customs Act, 1969.

    The directorate invited stakeholders to present evidence of the import values of the goods.

    The meetings were attended by representatives from M/s. GA Jahangir & Associates authorized by various importers and stakeholders. The point of view heard in detail to arrive at customs values of subject goods.

    The  stakeholders claimed that their declared values were true transactional values and may be accepted as such. The stakeholders also submitted their proposal regarding values of artificial jewellery but failed to substantiate said values with documentary evidences.

    The customs values of following artificial jewellery on import of various origins have been amended:

    01. Electroplated white/yellow, without stones/beads:

    The customs value enhanced to $3.85/kg from $3.54 on import from China.

    The customs value enhanced to $5.40/kg from $4.97 on import from other origins.

    02. Electroplated white/yellow, with plastic stones / beads:

    The customs value enhanced to $4.40/kg from $4.12 on import from China.

    The customs value enhanced to $6.55/kg from $6.12 on import from other origins.

    03. Fancy Electroplated white/yellow, with crystal stones/beads:

    The customs values enhanced to $12.5/kg from $11 on import from China.

    The customs values enhanced to $27.35/kg from $24 on import from other origins.

    In the previous valuation ruling a separate rate for imitation jewellery import from India was given. However, in the latest valuation ruling the rate of the goods on import from India has been eliminated.

  • Customs valuation enhanced for garments on EDE data variations

    Customs valuation enhanced for garments on EDE data variations

    KARACHI: Pakistan Customs has enhanced the imported low-end brand garments from China and other destinations after identifying data variations in Electronic Data Exchange (EDE).

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  • FBR publishes valuation rulings to facilitate trade

    FBR publishes valuation rulings to facilitate trade

    KARACHI: Federal Board of Revenue (FBR) on Thursday published customs valuations on its official portal to facilitate trade and for ease of doing business.

    A day earlier FBR Chairman directed the authorities to ensure availability of valuation rulings in order to trade facilitation and ease of doing business.

    The FBR published following valuation rulings at its website:

    1429/2019: Determination of Customs Values of Frequency Inverters under Pct Heading (8504.4090) under Section 25-A of the Customs Act, 1969 11/26/2019

    1430/2019: Determination of Customs Values of Skimmed Milk Powder & Instant Milk Powder under Section 25-A of the Customs Act, 1969 11/26/2019

    1427/2019: Determination of Customs Values of Base Cap for Bulbs PCT (8539.9020) under Section 25-A of the Customs Act, 1969 11/19/2019

    1428/2019: Determination of Customs Values of Uncoated Offset Paper for Writing, Printing and Photocopy under Section 25-A of the Customs Act, 1969 11/19/2019

    1426/2019: Determination of Customs Values of LED Decoration Strip Lights/Christmas/Rice/Festival/Madni/Larris Lights PCT (9405.3000) under Section 25-A of the Customs Act, 1969 11/8/2019

    1409/2019: Determination of Customs Values of Latex Rubber Threads under Section 25-A of the Customs Act, 1969 11/8/2019

    1425/2019: Determination of Customs Values of Printed Circuit Board PCT (8534.0000) under Section 25-A of the Customs Act, 1969 11/6/2019

    1424/2019: Determination of Customs Values of Tractors Parts under Section 25-A of the Customs Act, 1969 11/5/2019

    1420/2019: Determination of Customs Values of Hair Brushes/Cleaning/Washing/Sweeping Dusting and Similar kind of Brushes and Feeder Brushes under Section 25-A of the Customs Act, 1969 11/4/2019

    1421/2019: Determination of Customs Values of Replacement Wheel Rim (Alloy/Other than Alloy) under Section 25-A of the Customs Act, 1969 11/2/2019

    1422/2019: Determination of Customs Values of Motor Cycle Parts under Section 25-A of the Customs Act, 1969 11/2/2019

    1423/2019: Determination of Customs Values of Wall Papers under Section 25-A of the Customs Act, 1969 11/2/2019

    1407/2019: Determination of Customs Values of Stationer Items under Section 25-A of the Customs Act, 1969 11/2/2019

    1417/2019: Determination of Customs Values of Waist Belts (Artificial Leather Low-eng Brands), under Section 25-A of the Customs Act, 1969 11/2/2019

    1418/2019: Determination of Customs Values of Circuit Breakers PCT (8526.2010, 8536.2090, 8536.9090) under Section 25-A of the Customs Act, 1969 11/2/2019

    1419/2019: Determination of Customs Values of Hot & Cold Water Dispenser and Parts under Section 25-A of the Customs Act, 1969 11/2/2019

    1408/2019: Determination of Customs Values of Ball, Taper,Needle,Roller,Spherical,Cylindrical Bearings PCT (8482.1000, 8482.2000, 8482.3000 8482.4000, 8482.5000, 8482.6000, 8482.7000, 8482.8000) and Parts/Components of Bearings PCT (8482.9100, 8482.9910, 8482.9990) under Section 25-A of the Customs Act, 1969 11/1/2019

    1410/2019: Determination of Customs Values of Toiletries/Face/Talcum Powder,Face and Skin Creams/Lotions, Tooth Paste, After Shave, Shaving Cream/Gel/Foam, Soap in ot her Forms and Facial Wash under Section 25-A of the Customs Act, 1969 11/1/2019

    1411/2019: Determination of Customs Values of Hair Care Products/Shampoos/Conditionsers and Hair Spray/Gel/Wax/Cream/Colour/Oil/Coat/Aqua/Hydrogen Peroxide Liquid/Develor/Accelerator under Section 25-A of the Customs Act, 1969 11/1/2019

    1412/2019: Determination of Customs Values of PVC Trunking Duct Patti under Section 25-A of the Customs Act, 1969 11/1/2019

    1413/2019: Determination of Customs Values of Used Photocopier Machine under Section 25-A of the Customs Act, 1969 11/1/2019

    1414/2019: Determination of Customs Values of File Covers, File Folder, Pouches and Envelopes made of plastic under Section 25-A of the Customs Act, 1969 11/1/2019

    1415/2019: Determination of Customs Values of Aluminium Radiators under Section 25-A of the Customs Act, 1969 11/1/2019

    1416/2019: Determination of Customs Values of Iron Pad Locks PCT (8301.1000) under Section 25-A of the Customs Act, 1969 11/1/2019

    1406/2019: Determination of Customs Values of Medium Density Fiber (MDF) Board under Section 25-A of the Customs Act, 1969 11/1/2019

    1405/2019: Determination of Customs Values of Low-End Brands Shoes, Slippers, Sandals,Chappals and Joggers under Section 25-A of the Customs Act, 1969 10/31/2019

    1400/2019: Determination of Customs Values of Engine Parts (Replacement Auto Parts) under Section 25-A of the Customs Act, 1969 10/30/2019

    1401/2019: Determination of Customs Values of Cam Shaft, Crank Shaft, Spark Plugs, Lamps Light Lenses, Sealed Beam and Rubber Parts (Replacement Auto Parts) under Section 25-A of the Customs Act, 1969 10/30/2019

    1402/2019: Determination of Customs Values of Water Pumps, Oil Pumps, Fuel Pumps, Oil Filers, Fuel Filters and Air Filters (Replacement Auto Parts) under Section 25-A of the Customs Act, 1969 10/30/2019

    1403/2019: Determination of Customs Values of Transmission Group, Brake Assembly, Steering & Suspension and Body Parts Group (Replacement Auto Parts) under Section 25-A of the Customs Act, 1969 10/30/2019

    1404/2019: Determination of Customs Values of Colour Cosmetics under Section 25-A of the Customs Act, 1969 10/30/2019

    1397/2019: Determination of Customs Values of Children Garments (Baby/Baba) Garments of Low End Brands of China Vietnam,Indonesia, Thailand Malaysia, UAE,sri Lanka & Other Origins under Section 25-A of the Customs Act, 1969 10/28/2019

    1398/2019: Determination of Customs Values of Children Garments of Low End Brands of China,Indonesia,Malaysia,UAE,Bangladesh,sri Lanka,Thailand,Vietnam & Other Origins under Section 25-A of the Customs Act, 1969 10/28/2019

    1395/2019: Determination of Customs Values of Mobile Phone LCD Screens (HS Code 8517.7000) under Section 25-A of the Customs Act, 1969 10/25/2019

    1396/2019: Determination of Customs Values of White Oil, under Section 25-A of the Customs Act, 1969 10/25/2019

    1394/2019: Determination of Customs Values of Non-carbon releasing paper, Art Card/Coated Board/Paper and Light Weight Coated Papers under Section 25-A of the Customs Act, 1969 10/17/2019

    1393/2019: Determination of Customs Values of Chandeliers,Pendants & Others Hanging Lights and Parts Thereof under Section 25-A of the Customs Act, 1969 10/16/2019

    1392/2019: Determination of Customs Values of (1) Perfumes (2) Eau De Toilet Perfumes (3) Eau De Toilt (4) Eau De Cologne (5) Body Spray (6) Personal Deodorants (7) Roll-on (8) Anti-Perspirant (9) Body Deo (10) Deo Stick under Section 25-A of the Customs Act, 1969 10/15/2019

    1391/2019: Determination of Customs Values of Aerosol Spray Paints under section 25-A of the Customs Act, 1969 10/3/2019

    1390/2019: Determination of Customs Values of Ginger and Garlic under section 25-A of the Customs Act, 1969 9/24/2019

    1388/2019: Determination of Customs Values of Thermal Paper/Fax Machine Paper in Roll under section 25-A of the Customs Act, 1969 9/5/2019

    1387/2019: Determination of Customs Values of Polyester Filament Yarn under section 25-A of the Customs Act, 1969 9/3/2019

    1386/2019: Determination of Customs Value of Ball Bearings and Taper Bearings under Section 25-A of the Customs Act, 1969 7/25/2019

    1385/2019: Determination of Customs Values of Printed Polyester Microfiber Fabric for Bed Sheets under Section 25-A of the Customs Act, 169 7/18/2019

    1384/2019: Determination of Customs Values of Non-Dairy Topping/Whipping Cream Under Section 25-A of the Customs Act, 1969 7/17/2019

    1382/2019: Determination of Customs Values of PVC Electric Insulation Tape Under Section 25-A of the Customs Act, 1969 7/15/2019

    1383/2019: Determination of Customs Values of Water Based Acrylic Type Self Adhesive Tape (BOPP/OPP) and Hot Melt Rubber Based Self Adhesive Tape in Jumbo/Log Rolls or in Retail Packing Under Section 25-A of the Customs Act, 1969 7/15/2019

    1381/2019: Determination of Customs Values of Aseptic Packaging Material for Liquid Food/Beverages Under Section 25-A of the Customs Act, 1969 7/12/2019

    1380/2019: Determination of Customs Values of Aerosoft & Similar Brands of Footwear of Thailand Origin Under Section 25-A of the Customs Act, 1969 7/9/2019

    1378/2019: Determination of Customs Value of Three wheelers Cargo Loaders in CKD/SKD conditions and Parts/Components thereof under Section 25-A of the Customs Act, 1969 6/27/2019

    1377/2019: Determination of Customs Value of Refrigeration Gases (in Retail Packing and ISO Tanks/Drums) under Section 25-A of the Customs Act, 1969 6/12/2019

    1376/2019: Determination of Customs Value of Artificial Imitation Jewellery under Section 25-A of the Customs Act, 1969 5/30/2019

    1375/2019: Determination of Customs Value of Food Supplements/Multivitamis/Mineral Supplements and Whey Protein under Section 25-A of the Customs Act, 1969 5/24/2019

    1373/2019: Determination of Customs Value of Branded Milk (Lacnor, Almariai, Soyafresh, etc.) under Section 25-A of the Customs Act, 1969 5/15/2019

    1372/2019: Determination of Customs Value of Aluminum Beverage Cans under Section 25-A of the Customs Act, 1969 5/14/2019

    1371/2019: Determination of Customs Value of Hydrogen Peroxide 50% under Section 25-A of the Customs Act, 1969 5/9/2019

    1369/2019: Determination of Customs Value of Toner Powder Black/Coloured in Bulkfor Photocopiers and Printers under Section 25-A of the Customs Act, 1969 5/6/2019

    1370/2019: Determination of Customs Value of Butter (Derived From Milk/Dairy) under Section 25-A of the Customs Act, 1969 5/6/2019

    1366/2019: Determination of Customs Value of Sauces / Salad Dressing / Mayonnaise / Mustard and Tomato Ketchup under Section 25-A of the Customs Act, 1969 4/30/2019

    1367/2019: Determination of Customs Value of Formic Acid under Section 25-A of the Customs Act, 1969 4/30/2019

    1368/2019: Determination of Customs Value of Dry Coconut/Dry Copra under Section 25-A of the Customs Act, 1969 4/30/2019

    The Valuation Rulings can be downloaded here.

  • Yarn merchants reject new customs valuation ruling

    Yarn merchants reject new customs valuation ruling

    The Pakistan Yarn Merchants Association (PYMA) has officially rejected the new valuation ruling for polyester filament yarn (PFY) issued by the customs authorities, terming it as “unjust” and not reflective of the current global market prices.

    (more…)
  • Mazda Titan Trucks to be assessed for customs values on MSRP

    Mazda Titan Trucks to be assessed for customs values on MSRP

    Karachi: Pakistan Customs has issued a statement clarifying the assessment and clearance process for Mazda Titan Trucks.

    According to the circular issued by the Model Customs Collectorate of Appraisement – West, these trucks will be evaluated and cleared based on values prescribed in accordance with the manufacturer’s suggested retail price or any applicable valuation ruling.

    The circular also emphasized that M/s. Ghandhara Industries Limited, a prominent player in Pakistan’s automotive industry, is solely involved in the assembly of Isuzu Trucks and Buses within the country and does not deal with Mazda Titan Trucks. This information was corroborated by a letter dated October 4, 2018, from M/s. Ghandhara Industries Limited.

    As a result of this clarification, the import trade price proposed by Ghandhara Industries Limited is considered irrelevant for Mazda Titan Trucks concerning Customs General Order (CGO) No. 14/2005, which outlines the guidelines for the assessment of imported goods. Consequently, Mazda Titan Trucks will be assessed according to the Manufacturer’s Suggested Retail Price (MSRP) or Valuation Ruling 1051/2017 dated February 21, 2017, depending on the applicable case.

    This directive aims to streamline the assessment and clearance process for Mazda Titan Trucks, ensuring that they are evaluated based on standardized and well-defined criteria, specifically the manufacturer’s suggested retail price or relevant valuation rulings. Such measures enhance transparency and consistency in the importation and assessment of these vehicles.

    These new guidelines set by Pakistan Customs will not only facilitate the assessment of Mazda Titan Trucks but also contribute to a fair and equitable taxation process for importers and traders dealing in these vehicles. It aligns with the government’s commitment to ensuring clarity and uniformity in customs procedures, benefiting both the business community and government revenue collection.

    The decision also underscores the importance of accurate and up-to-date information when assessing customs values for imported goods. By relying on the manufacturer’s suggested retail price or relevant valuation rulings, the Customs authorities aim to prevent discrepancies and inconsistencies in the valuation of Mazda Titan Trucks, further promoting a fair and transparent importation process.

    While the new regulations may result in a more standardized approach to the assessment of Mazda Titan Trucks, it is essential for importers and traders to be aware of these changes to ensure compliance and facilitate a smooth importation process. By adhering to these guidelines, the customs process for Mazda Titan Trucks will become more efficient and straightforward, benefitting all stakeholders involved in the importation of these vehicles.