This led to the suspension of the clearance of hundreds of garments containers at the port. Later the DGCV started deliberations with the importers, who gave a detailed presentation and appealed for its reduction. The DGCV slashed the customs duty on unbranded garments by 50 percent last October. However, the customs duty on unbranded garments for children age from one to five years remained included in the revised customs valuation ruling.
Now the DGCV has given further relief to the importers by issuing a separate valuation ruling on unbranded garments for children in the above age group. Customs Valuation Ruling 1005/2017 stated that the number of representation received from different importers of imported children's garments stated that their frequently imported items were not covered in the Order-In-Revision 239/2016 of October 31, which is causing hardships during examination and assessment stages.
The importers of subject children garments items further contended for determination of fair value of these specific goods as per prevailing international prices. In the light of forgoing, an exercise was undertaken by this Directorate General to determine the fair values according to trends prevailing in the current international market. For the purpose, a meeting for the determination of customs values of garments with the stakeholders was conducted on January 03, 2017 wherein the matter was discussed in detail. The importers in this meeting said that the prices of all kinds of garments items had came down due to internationally reduced yarn prices. Children's garment items are frequently being imported by importers as independent articles with slight variations of prices. Representatives of the Pakistan Readymade Garments Manufacturing Association placed expressed their own point of view.
Copyright Business Recorder, 2017