Valuation Ruling 1604/2022
In Valuation Ruling 1604/2022, Customs Values of Iron & Steel Drawer Lock, Door Closer, Hinges and Drawer Slider are determined under Section 25-A of the Customs Act, 1969.
Customs Values of Iron & Steel Drawer Lock, Door Closer, Hinges and Drawer Slider
Background of the valuation issue: Earlier the customs value of iron & steel drawer lock, door closers, hinges and drawer slider (Low end Brands) was determined vide Valuation Ruling No1553/2021 dated 04-10-2021. M/s Sitara Enterprises filed review petition under section 25D of the Customs Act,1969 before the Director General of Customs Valuation for revision of values of Hinges and drawer sliders being on lower side. The Director General Customs Valuation vide Order in Revision No. 59/2021 dated 04.10.2021.
Customs values hereinafter specified shall be assessed to duty/taxes at the following minimum Customs Values:-
Description of goods:
Iron & Steel Drawer Locks along with Keys
Iron & Steel Drawer Locks Hs code is 8301.3000.
| Country of Origin | Customs Values (C&F US$/Kg) |
|---|---|
| China | 1.82 |
| Other Origins | 4.00 |
Description of goods:
Door Closer
Door Closer Hs code is 8302.6000
| Country of Origin | Customs Values (C&F US$/Kg) |
|---|---|
| China | 2.74 |
| Other Origins | 3.98 |
Description of goods:
Door Closer
Door Floor Spring Hs code is 8302.1090, 8302.4900, & 8302.6000
| Country of Origin | Customs Values (C&F US$/Kg) |
|---|---|
| China | 3.33 |
| Other Origins | 4.66 |
Description of goods:
Hinges (Non floor Type)
Hinges hs code is 8302.1090, 8302.4900, & 8302.6000
| Country of Origin | Customs Values (C&F US$/Kg) |
|---|---|
| China | 1.45 |
| Other Origins | 2.31 |
Description of goods:
Drawer Slider (Roller Slide Type)
Drawer Slider hs code is 8302.4200
| Country of Origin | Customs Values (C&F US$/Kg) |
|---|---|
| China | 1.45 |
| Other Origins | 2.17 |
Description of goods:
Drawer Slider (Ball Bearing Type)
Drawer Slider (Ball Bearing Type) Hs code is 8302.4200
| Country of Origin | Customs Values (C&F US$/Kg) |
|---|---|
| China | 1.73 |
| Other Origins | 2.31 |
