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DG Valuation issues customs values of engine parts vide VR No 1446/2020

DG Valuation issues customs values of engine parts vide VR No 1446/2020

KARACHI: Directorate of Customs Valuation Shafiq Ahmad Latki has issued customs values of engine parts (replacement auto parts) vide Valuation Ruling No. 1446/2020.

Consequent upon issuance of CGO No. 15/2019 dated 13.3.2019, Unit of Measurement (UoM) of number of engine parts (replacement auto parts) was changed from kilogram to per unit and accordingly, the UOM was revamped vide Valuation Ruling No. 1500/2019 by re-sending the earlier valuation ruling number 1282018 dated 17.4.2018.

Meeting with all stake holders, trade bodies, including representatives of clearance Collectorate, was held in Directorate-General on 20.2.2020. The importers and stakeholders were requested to submit their proposals suggestions as well as following documents before or during this course of stakeholders meeting so that customs values could be determined.