Customs value of AC asynchronous moving motor revised

Directorate General Customs Valuation (DGCV) has revised the customs values of AC asynchronous moving motor under section 25(7) of the Customs Act, 1969. According to DGCV, a large number of representations were received that AC asynchronous moving motor (up to 07 watt) were being declared and assessed at lower values. Therefore, an exercise was initiated to determine the customs values of subject goods under section 25A of the Customs Act, 1969.
The meetings with stakeholders were held in March and August in which participants stated that AC/DC motors ranging up to 37 watt had different specifications, weight and values.
Some of the stakeholders argued that value of AC asynchronous moving motor (up to 7 watt) are being assessed at much lower values hence the same may be determined as per international prices. Therefore, all available information and documents were examined for determination of customs values.
The valuation methods given in section 25 of the Customs Act, 1969 were followed sequentially. Transaction value method provided in section 25 (1) was found inapplicable because the requisite information was not available as per law.
However, Identical goods value methods provided in sub-section (5) & (6) of section 25 of the Customs Act, 1969 provided some reference values but due to wide variations in the declarations the same could not be relied upon exclusively.
Thereafter, market enquiry as envisaged under section 25(7) of the Customs Act, 1969, was conducted. Online prices were also obtained. Consequently, reliance was placed upon sub-section (7) of section 25 of the Customs Act, 1969, and customs values of AC asynchronous moving motor (up to 7 watt) are determined under section 25(7) of the Customs Act, 1969.