Directorate General Customs Valuation (DGCV) has revised the customs values of mini-trucks/pickup and cargo truck with full/dump body under section 25 (9) of the Customs Act, 1969. According to details, the customs values of mini-trucks/pickup and cargo truck with full/dump body were earlier determined vide valuation ruling no. 637 in 2014.
Therefore, the Directorate has recently received number of references of provisional assessments of subject items under section 81 of the Customs Act, 1969. Subsequently, the Directorate has convened meetings with stakeholders in 2017 and 2018 to develop a consensus for determining the customs values of subject goods.
The meetings were attended by different stakeholders, including representatives of MCC (Appraisement)-East/West/Port Muhammad Bin Qasim and various importers. The importers contended that values of their items were being enhanced during the process of assessment but no cogent justification was given and added that their declared prices were true and correct which could be verified from commercial counselors concerned.
Later, the Directorate after hearing viewpoints of the stakeholders in detail commenced the exercise to determine the customs values of said goods. After applying all valuation methods, which remained unhelpful to serve the purpose, the Directorate conducted market enquiry as envisaged under section 25 (7) of the Customs Act, 1969. Online prices were also obtained to corroborate the findings of the market surveys.
Later, all gathered information was evaluated and analyzed for the purpose of determination of customs values of mini-cargo vans/trucks/pickup, cargo truck and dumpers. Consequently, the customs values of subject goods have been determined under section 25 (9) of the Customs Act, 1969.