The Directorate has received representations from Model Customs Collectorate of Appraisement (East), Karachi that assessable values of AIJ of Indian as well as other origins may be revised in line with current market prices. Therefore, an exercise was undertaken to determine the customs values of artificial jewellery afresh under section 25-A of the Customs Act, 1969. For the purpose, meetings with stakeholders were held with the importers and representatives of MCC, Appraisement (West), Karachi.
The stakeholders, during the meetings, stated that the issue of under invoicing raised in the Collectorate pertains to Indian origin jewellery which was also endorsed by representatives of MCC (Appraisement) West. The discussion revealed that imported artificial jewellery into Pakistan from China constitutes approx. Ninety percent of total imports whereas the rest is from India and other origins.
The artificial jewellery imported from China and India is manufactured using iron, steel & lead, as base metal while minor quantities of Jewellery are produced using brass and copper as base metal. Similarly, types of Jewellery are adorned with the inexpensive simulated gemstones, glass and glass beads etc. Importers further prayed that the fancy-branded designers and tine jewellery as per previous practices may be kept out of the purview of this valuation ruling.
It was agreed during the meeting that values given in the ruling would include only sea freight whereas the air freight component would be decided by the clearance Collectorates as per actual air freight paid where the goods have been imported by air. Furthermore, it was also decided that assorted/designer jewellery shall not be assessed at values mentioned in this valuation ruling. The Collectorate shall assess the same under Section 25 ibid.
After market enquiries as envisaged under section 25(7) of the Customs Act, 1969, the customs values of artificial imitation jewellery were determined under section 25(7) of the Customs Act, 1969.