According to details, the customs values of Aerosol Spray Paints were earlier determined through valuation ruling in 2016. A number of representations were received by the directorate that the values of subject goods in international market have shown upward trend which required re-determination of values.
Moreover, the valuation ruling being very old also needed re-determination. Therefore, an exercise to determine the customs values of the subject goods under section 25-A was initiated. The meetings with stakeholders were convened in August & September.
Despite notices to a number of importers of the said item, only one importer and representative attended the meetings. The importers requested to decrease the values whereas the local manufacture contested that, internationally, prices were exhibiting an upward trend and the values be fixed as per international prices. The local manufacturer submitted a quotation from international supplier of a latest order showing values of subject goods US$ 0.48 of 450 gram spray.
After adopting several methods, the Directorate applied deductive value method under sub-section (7) of section 25 of the Customs Act, 1969 to arrive at the assessable customs values of the subject goods, being most appropriate for the purpose.