Customs Value of Iranian Raisins Revised
ISLAMABAD: The Quetta Customs Valuation Authority has revised the import customs value of raisins from Iran.
Management issued a new customs valuation decision here on Saturday. Under the new decision, the management has set US$0.60 per kg as the new customs value on the import of raisins from Iran.
The new decision will apply to raisins imported from Iran into Balochistan province, via land border customs posts.
The background to the valuation issue revealed that the valuation collector, Quetta, approached management to determine the value of the raisin because the collector needed advice on the valuation of this imported item. from Iran via land border customs posts in Balochistan.
Accordingly, relevant officials and importers have been consulted on this matter.
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MCC’s valuation, Quetta, in its aforementioned letter, advised them that they were having difficulty determining the value under Section 25 of the Customs Act 1969. Therefore, they requested management to determine the value under Article 25-A.
The fallback method under Subsection 9 or Section 25 was used to determine the value under Section 25-A, as the previous methods under Section 25 could not be applied in l lack of reliable data on the quantity and quality of this item to arrive at the taxable customs value of raisins imported from Iran through the land border customs posts in Balochistan. All the information thus collected was analyzed and evaluated.
In view of the findings of this exercise, the customs value of the above item is determined under subsection (9) of section 25 read together with section 25-A of the Customs Act 1969.
Balochistan Customs collectors can ensure that the value given in this decision is applied by the relevant personnel for the given description of the goods, without fault.
The customs value determined in the decision relates to the descriptions and specifications mentioned. The HS code is mentioned for information only so that the value of the valuation decision is made accessible to the valuation agent.
The evaluation will be finalized on the basis of a correct classification after the completion of the required formalities, the decision adds.