Directorate General Customs Valuation, Karachi has revised customs values on the import of disposable/auto-disable syringes, aerosol spray paints, room air/car air fresheners and baby diapers, and sanitary towels/napkins and tampons.

The Federal Board of Revenue (FBR)’s Directorate has issued four new valuation rulings to fix minimum customs values on the import of these items.

The ruling number 1619 of 2022 revealed that the customs values of disposable syringes with needles from China and other origin were determined under Section 254 of the Customs Act, 1969, vide Valuation Ruling No 888/2016.

Moreover, the Drugs Regulatory Authority of Pakistan has restricted the import and sale of conventional disposal syringes. As a result, auto-disable syringes are now being imported.

It was therefore, essential to determine afresh the customs values of the subject goods. Accordingly, an exercise was initiated in this Directorate General to determine the customs values of different types of syringes in terms of Section 25A of the Customs Act, 1969.

Meeting was held which was attended by various stakeholders including the representatives of trade, importers as well as representatives of Clearance Collectorates.

Finally, clearance data, raw material prices, international prices through internet were examined thoroughly and the information so gathered were utilised and analysed for determination of Custom Values of subject goods under Section 25(9) of the Customs Act, 1969.

The customs values of disposable/auto disable syringes with needles disposable/auto disable syringes with needles specified shall be assessed for duties and taxes on the basis of specified customs values.

The directorate has issued ruling number 1614 to fix minimum customs values on the import of aerosol spray paints.

The customs value of aerosol spray paints was determined vide Valuation Ruling No 1391/2019.

Representations were received from local manufacturers that the prices of raw materials of subject goods in international market have increased which requires fresh determination of customs value. Accordingly, an exercise was initiated in this Directorate General to determine customs value of subject goods.

Finally, clearance data, raw material prices, international prices through internet/ subscriptions were examined thoroughly and the information so gathered were utilized and analyzed for determination of customs values of the said goods.

Through another ruling number 1615 of 2022, the customs value of room air fresheners and car air fresheners have been determined. A representation was received from local manufacturer that the prices of raw material of subject goods in international market have changed which requires fresh determination of customs values.

The valuation ruling was more than three years old, therefore, an exercise was initiated in this Directorate General to determine customs values of subject goods in terms of Section 25A of the Customs Act, 1969.

The clearance data, raw material prices, international prices through internet/ subscriptions were examined thoroughly and the information so gathered were utilized and analyzed for determination of Customs Values of Room Air Fresheners and Car Air Fresheners under Section 25(9) of the Customs Act, 1969, it added.

According to the valuation ruling number 1618 of 2022, the customs values of baby diapers and sanitary towels/napkins and tampons are determined. The clearance data, raw material prices, international prices through internet were examined thoroughly and the information so gathered were utilized and analyzed for determination of custom values of subject goods under Section 25(9) of the Customs Act, 1969.

The story was originally published in Business Recorder on April 05, 2022.