Guidelines for Valuation of Polymers and their products, under the provisions of the Customs Act, 1962 reg. - Customs - 32/2009

OFFICE OF THE COMMISSIONER OF CUSTOMS (IMPORT) JAWAHARLAL NEHRU CUSTOM HOUSE NHAVA SHEVA, DIST :- RAIGAD F.No.S/26-Misc-1321/2007-08 Gr.II C D Date : 28.05.2009 PUBLIC NOTICE No. 32/2009 Sub : Guidelines for Valuation of Polymers and their products, under the provisions of the Customs Act, 1962 reg. Ref : (i) Valuation Alert No.03/2009 dtd.26.03.2009 issued from F.No.VAL/TECH/56/2008 by DG Valuation, Mumbai. (ii) Public Notice No.15/2009 dtd.31.03.2009 (iii) Letter of DG(Valuation) vide F.No.VAL/TECH/56/2008 dtd.25.05.09 The Public Notice No.15/2009 dtd.31.03.2009 (Ref. (ii) above) was issued based on the Valuation Alert No.03/2009 dtd.26.03.2009 (Ref. (i) above). In pursuance of the representations of the Trade, the DG(Valuation) vide reference (iii) above has conveyed the following : The matter is being looked into. However, in the meanwhile it will be in the fitness of things that so far as the imports from manufacturer or where back up manufacturer invoice is being presented are concerned the earlier position accepting variation upto 10% may be continued and the consignments may be assessed provisionally without any bank guarantee or cash security, pending final view in this regard by this Directorate General. This will also bring uniformity vis--vis the M/s.Supreme Industries petitioner and other importers 2. The assessment of the subject goods would be made in compliance to the above directions of the DG(Valuation) with immediate effect and until further directions from DG(Valuation). 3. The contents of the Public Notice should be brought to the notice of all the concerned. (Amal Kanti Das) Commissioner of Customs (Import) JNCH