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Author Archives: Waqar Ahmed Ansari

DG Valuation Surriya Butt asks Director Iqbal Muneeb to review VR No 1296/2018

KARACHI: Customs Valuation Director General Suraiya Ahmed Butt has advised Valuation Director Iqbal Muneeb to revisit the Valuation Ruling No. 1296/2018 for removing deficiencies in accordance with law and also taking on board the regular major importers as well as the representatives of Federation of Pakistan Chamber of Commerce & Industries (FPCCI) and Karachi Chamber of Commerce & Industries (KCCI). ... Read More »

Gwadar Customs seizes fine quality wine & illegal medicines worth Rs6m

GWADAR: Collectorate of Customs team seized a number of fine quality bottles of wine and illegal medicine worth Rs 6 million including vehicle being used for smuggling. Sources told Customs Today  on Thursday that Deputy Collector Gawadar Junaid Mehmood received secret information that some smugglers are trying to smuggle a number of fine quality bottles of wines and illegal medicine from ... Read More »

DG Valuation revises customs values of self-adhesive sticker paper

KARACHI: The Directorate General of Customs Valuation has revised the customs values of self-adhesive sticker paper through Valuation Ruling No: 1335/2018 under Section 25A of the Customs Act-1969. According to the details, it was brought to the notice of this Directorate General that self-adhesive sticker paper (thermal/ thermal transfer) in jumbo or mini roll is being assessed at lower values ... Read More »

Quetta Customs foils attempt to smuggle hashish & chemicals worth Rs5.58m

QUETTA: Directorate of Customs Intelligence and Investigation foiled a bid to smuggle hashish and liquid chemical (used in manufacturing in drugs) worth Rs5.58 million during special checking on Tuesday. Sources told Customs Today that Director Customs Intelligence and Investigation Muhammad Akram Chaudhary received a tip-off that some smugglers are trying to smuggle Iranian diesel out of Quetta. He constituted a raiding team ... Read More »

Appraisement East earns Rs39986.5m revenue in Sept

KARACHI: Collectorate of Customs Appraisement East collected Rs39986.5 million during the month of September 2018 under all heads of duty and taxes. The collectorate collected Rs11372.11  million under the head of customs duty (CD), Rs13927.11 million as sales tax (ST), Rs14598.04 million as income tax (IT) and Rs89.24 as federal excise duty (FED). Earlier during the month of August, Collectorate ... Read More »

DG Valuation revises customs values of sticker paper (non thermal) semi gloss in reels

KARACHI: The Directorate General of Customs Valuation revised the customs values of sticker paper (non-thermal) semi- gloss in reels through Valuation Ruling No: 1333/2018 under Section 25-A of the Customs Act-1969. According to the details, it was brought to the notice of Directorate General, that sticker paper (non-thermal) semi gloss in reels is being assessed at lower values therefore an ... Read More »

Appraisement West generates Rs23735.55m during Sept

KARACHI: Collectorate of Appraisement West generated Rs23735.55 million during the month of September 2018 under all heads of duty and taxes. According to details, Appraisement West collected Rs243336.28 million in September which includes Rs12602.13 million under the head of custom duty (CD), Rs7749.21 million as sales tax (ST), Rs 3384.31 million under the head of income tax (IT) and Rs ... Read More »

Gwadar Customs seizes non-duty paid Iranian juices & carpets worth Rs7.50m

GWADAR: Collectorate of Customs team seized huge quantity of Iranian juices and non-duty paid carpet vehicle being used for smuggling worth Rs7.50 million. Sources told Customs Today on Monday evening that Deputy Collector Junaid Mehmood received secret information that some smugglers trying to smuggle non-duty paid Iranian carpets and juices from Gwadar to Karachi. After receiving this information, he constituted a raiding ... Read More »

Gwadar Customs seizes huge quantity of non-duty paid luxury vehicle’s tyres

GWADAR: Collectorate  of Customs team seized huge quantity of non-duty paid luxury vehicle’s tyres & tubes and vehicle being used for smuggling worth Rs 8 million. Sources told Customs Today on 5.10.2018 that Deputy Collector Junaid Mehmood received secret information that some smugglers ware trying to smuggle non-duty paid luxury vehicles tyres and tubes from Gwadar to Karachi. After receiving ... Read More »

DG Valuation revises customs values of non-alloy steel wire rod low/high carbon (draw quality)

KARACHI: The Directorate General of Customs Valuation revised the customs values of iron or non-alloy steel wire rod low/high carbon (draw quality) through Valuation Ruling No: 1331/2018 under Section 25A of the Customs Act-1969. Since the earlier custom value of iron or non-alloy steel wire rod low/high carbon (draw quality) determined vide Valuation Ruling No 693/2014 dated 26-09-2014 was considerably ... Read More »

DG Valuation revises customs values of galvanized razor wire

KARACHI: The Directorate General of Customs Valuation revised the customs values of galvanized razor wire through Valuation Ruling No: 1329/2018 under Section 25A of the Customs Act-1969. According to the details, a number of representations were received from stakeholders that values razor wire being declared to Customs are not correct transaction values, and needs remedial action by the Directorate. Therefore, ... Read More »

Gwadar Customs seizes Iranian juices, brake oil worth Rs7.88m

GWADAR: Customs Collectorate team seized boxes of Iranian juices, brake oil, different kinds of jam and vehicle being used for smuggling worth Rs 7.88 million. Sources told Customs Today that on 24-9.2018, Deputy Collector Junaid Mehmood received secret information that some smugglers were trying to smuggle non-duty paid boxes of Iranian juices, different kinds of jam and Iranian brake oil ... Read More »

Customs values of EPE liner/PE foam sheet & seal wade revised

KARACHI: The Directorate General of Customs Valuation has revised the customs value of EPE liner/PE foam sheet/ seal wads vide Valuation Ruling No 1327/2018 under Section 25-A of the Customs Act, 1969. According to the details, it was brought to the notice of this Directorate General that values of EPE liner/ seal wads are being declared to Customs at much ... Read More »

DG Valuation reviss customs values of fleece fabrics

KARACHI: The Directorate General of Customs Valuation has revised the customs value of fleece fabrics vide Valuation Ruling No 1326/2018 under Section 25-A of the Customs Act, 1969. Earlier Customs values of fleece fabric were determined vide Valuation Ruling No.683/2014 dated 11.09.2014. Several representations from commercial importers including Karachi Textile Lining and Coated Fabrics Association were received wherein they requested ... Read More »

DG Valuation rejects revision of VR No 1014 & 1027/2017

KARACHI: Customs Valuation Director General Surriya Butt rejected revision of Valuation Ruling No.1014/2017 and 1027/2017 and upheld the values dates and hot melts adhesive granules, chips and pellets determined vide the said valuation rulings. Source told Customs Today that M/s Muneer Associates and others importers approached Director General Customs Valuation praying that the Valuation Ruling No.1014/2017 does not cover the ... Read More »

DG Valuation upholds customs values of circuit breakers & baba garments

KARACHI: Director-General Directorate of Customs Valuation Surriya Butt rejected revision of Valuation Ruling No.994/2016 and 1005/2017 and upheld the values  circuit breakers and another values of children baby, baba garments of low end brands of China, Vietnam, Indonesia, Thailand, Malaysia and other countries, determined vide the said valuation ruling. Source told Customs Today that M/s GB Traders and others importer approached Directorate ... Read More »

Appraisement East collects over Rs39b as duties, taxes in August

KARACHI: Collectorate of Customs Appraisement East collected Rs 39358.6 million during the month of August under head of all duty and taxes. According to details, Appraisement East collected Rs15028.03 million under the head of customs duty (CD), Rs17138.10 million as sales tax (ST), R 7042.26 as income tax (IT) and Rs150.24 as federal excise duty (FED). Earlier in the month ... Read More »

Customs values of submersible pump with motor (plastic body) upto 100 watt revised

KARACHI: The Directorate General of Customs Valuation revised the customs values of submersible pump with motor (plastic body) up to 100 watt through Valuation Ruling No: 1324/2018 under Section 25A of the Customs Act-1969. According to the details, it has been brought to notice of this Directorate General that submersible pump with motor (plastic body) up to 100 watt are ... Read More »

Appraisement West generates Rs21535.78m during August

KARACHI: Customs Collectorate of Appraisement West generated Rs 21535.78 million during the month of August 2018 under the head of all duty and taxes. According to details, Appraisement West collected Rs21535.78 million in August which includes Rs9459.26 million under the head of custom duty (CD), Rs8695.38 million as sales tax (ST), Rs3297.71 million under the head of income tax (IT) ... Read More »

DG Valuation revises customs values of UPS

KARACHI: Directorate General of Customs Valuation revised the customs values of uninterruptible power supply (UPS)  through Valuation Ruling No: 1322/2018 under Section 25-A of the Customs Act-1969. The customs values of UPS were determined vide valuation ruling No.831/2016 dated 14.04.2016. Representations were received in the Directorate General for re- determination of custom values of UPS due to change in technology ... Read More »