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Transaction value of imports hard to verify: DG Customs Valuation Robina

Transaction value of imports hard to verify: DG Customs Valuation Robina

KARACHI: The verification of transaction value of imports is hard to verify because due to a number of reasons like the origin, quality and business dealing between the parties, Director General of Customs Valuation Robina Ather said while talking to Customs Today.

DG Robina Ather said that the Directorate’s primary role is to ensure that proper valuation of all imports coming into Pakistan by assessing duty and taxes on the Customs values applicable to a particular import. Since transaction value is hard to verify for the reasons already mentioned above the price valuation could also be different depending on a number of factors and thus there are no hard and fast rules and the Directorate has to use one of many methods of evaluation to assess the Customs values of items, she added.

“At times, one or more stakeholders also approach the Directorate to re-determine the Custom values while at ties the Directorate itself initiates a process to re-determine the Custom value of an import item due to fluctuation in its price in the international markets,” she said. Though the views of various stakeholders could differ widely the Directorate does its best to determine or re-determine the

“Custom value of an imported item as per the laid down procedure and though a decision may not satisfy all of the stakeholders it certainly satisfies the majority of them”, she added. “The Directorate General of Customs Valuation plays a vital role to safeguard the revenues by ensuring uniformity and neutrality of valuation practices across the country, providing assistance and advice to the field formations and putting into place dispute resolution mechanism with respect to valuation of goods”.