Customs value of non-carbon releasing papers revised

Directorate General Customs Valuation (DGCV) has revised the customs values of non-carbon releasing papers, art card/coated board/paper and light under section 25 (9) of the Customs Act, 1969. According to the revised valuation ruling, the customs values of said items were earlier determined in April last year hence All Pakistan Paper Merchants Association, Karachi submitted a request for revision as the current prices had increased in the international market.
For the purpose, the meeting was convened on August 28, 2017 and the stakeholders were requested to furnish the relevant documents in order to support their arguments. The stakeholders during meeting were of view that the prices had increased in the international market and requested the DGCV to re-determine the customs values of non-carbon releasing papers, art card/coated board/paper and light as per the prevailing prices. However, they did not submit requisitioned documents.
Later, the department adopted valuation methods under section 25 of the Customs Act, 1969 to arrive at customs values of said items. Transaction value method was also found inapplicable because the requisite information was not available as per law. Similar goods value methods provided were then examined for applicability to the valuation issue in the instant case which reflected that declared values were higher than the determined customs values in the existing valuation ruling.
Thereafter, market enquiry as envisaged under section 25 (7) of the Customs Act, 1969, was conducted and the findings of the same were corroborated. The computed value method could not be applied for valuation of the aforementioned goods as the cost of raw material and fabrication charges under clause (a) and amount of profit and general expenses under clause (b) of section 25 (8) of the Act, in the country of export, could not be ascertained.
Subsequently, all gathered information was evaluated and analyzed and the customs values of non-carbon releasing papers, art card/coated board/paper and light have been determined under section 25 (9) of the Customs Act, 1969.