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Tag Archives: Customs value

Stakeholders meet to determine customs value of toilet soap

KARACHI: Stakeholders, including manufacturers, importers and representatives of trade bodies, attended a meeting at the conference room of the Directorate General of Customs Valuation at Customs House. The primary demand of the local manufacturers is that the import of toilet soap should not be subjected to a higher rate of duty because the high duty and taxes on the import ... Read More »

Absence of guidelines delays valuation ruling of power contact lenses

  KARACHI: The absence of any guidelines to assess the Customs values on the import of power contact lenses has left the Customs authorities in a fix to assess their value. This is obvious from a letter sent to Additional Director of Customs Valuation by Deputy Collector Customs Irum Sohail. The letter citing Valuation Ruling No. 633/2014 says that the Valuation Ruling issued ... Read More »

Valuation ruling of USB, flash drive and memory card issued

KARACHI: The Directorate General of Customs Valuation has determined the customs value of China-origin USB data traveller, USB flash drive and memory card, vide Valuation Ruling No. 688/2014 No. MISC/35/2013-VII dated September 23, 2014. The customs value of USB data traveller, USB flash drive and memory cards was determined under Section 25-A of the Customs Act 1969 vide Valuation Ruling ... Read More »

Valuation ruling of solar fans without battery, solar panel issued

KARACHI: The Directorate General of Customs Valuation has determined the customs value of China-origin solar fans (without battery and solar panel), vide Valuation Ruling No. 689/2014 No. Misc/13/2014-VII dated September 23, 2014. The directorate initiated the exercise to determine the customs value of the said items after it was brought into its notice that solar fans (without battery/solar panel) were ... Read More »

PAAPAM cries foul at rising under-invoicing

LAHORE: The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has regretted at the ever-increasing smuggling and under-invoicing of auto parts and accessories, saying that the under-invoicing has been affecting the local spare parts manufacturing sector, depriving the the national exchequer of billions of rupees revenue. According to PAAPAM Chairman Usman Malik, the Federal Board of Revenue (FBR) must ... Read More »