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Tag Archives: auto parts industry

13 commodities prone to smuggling, Preventive’s study reveals

KARACHI: The Model Customs Collectorate (MCC) Preventive, in its study on smuggling, has revealed alarming statistics for the country. The MCC investigated 13 commodities prone to smuggling in Pakistan, for fiscal year 2014 and came to the conclusion that 11 of them were severely impacted due to illegal trade. The Collectorate estimated that 59% of the total demand for products ... Read More »

Auto part makers flay Customs’ 400pc concession to importers

LAHORE: Pakistan Customs, through ruling No 685/2014, has reevaluated the Import Trade Prices (ITPs) for Chinese motorcycle parts and gave commercial importers huge 400 per cent concession against the values determined for OEMs. However, Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has censured the Customs for reducing valuation of Chinese motorcycle parts and said that such ‘illogical’ valuation ... Read More »