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DG Valuation issues customs values of iron & steel scrap (re-meltable HMS scrap/re-rollable scrap & compressor scrap vide VR No. 1455/2020

DG Valuation issues customs values of iron & steel scrap (re-meltable HMS scrap/re-rollable scrap & compressor scrap vide VR No. 1455/2020

KARACHI: Directorate General of Customs Valuation Director Shafiq Ahmad Latki has issued customs values of iron and steel (re-meltable HMS scrap/re-rollable scrap and compressor scrap vide Valuation Ruling No. 1455/2020.

Collectorate of Customs Appraisement Port Mohammad Bin Qasim Karachi issued VR dated 27.10.2018 for metal scrap of various (types under section 25-A of the Customs Act, 1969.  Finance Act, 2019, an amendment was made in section 25-A ibid whereby the powers to determine valuation rulings were withdrawn from the Collectors.