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Customs Valuation determines values of PC standard iron/steel wire

Customs Valuation determines values of PC standard iron/steel wire

KARACHI: Directorate General Customs Valuation has determined customs values of PC stranded wire of iron/steel, not electrically insulated, through Valuation Ruling No. 716/2015 under Section 25-A of the Customs Act, 1969.

According to details, customs values of PC stranded wire of iron or steel from all origins having PCT Heading 7312.1010, 7312.1020 and 7312.1090 having proposed PCT for WeBOC are 7312.1010.1000, 7312.1020.1000 and 7312.1090.1000 are fixed at LMB price of wire rod (mesh quantity) add US$25 per metric tonnes (on account of draw quality); add US$225 per metric tonnes (on account of conversion cost) and add US$45 per metric tonnes (on account of freight charges).

It is pertinent to mention here that the current Valuation Ruling No 716/2015 has superseded the previous Valuation Ruling No 370/2011.