Karachi, March 26, 2025 – The Directorate General of Customs Valuation in Pakistan has issued a revised ruling on the customs valuation of cashew nuts, aiming to standardize import duties and taxes.
The updated valuation ruling No. 1190 of 2025, determined under Section 25A of the Customs Act, 1969, follows a comprehensive analysis of market trends, import data, and discussions with stakeholders.
Customs officials reassessed the value of cashew imports after importers raised concerns about inflated customs rates. The review process included a detailed market inquiry, with officials gathering price data from various markets. The new ruling ensures that cashew imports are taxed fairly, aligning their declared values with actual market prices.
According to the latest directive, the customs value for cashew nuts imported from Vietnam is set at $3.50 per kilogram, while cashews from other origins are valued at $3.70 per kilogram. Additionally, value-added cashew products, such as salted or roasted varieties, will be subject to a 15% markup on these base prices.
To support land-based importers, a 7% reduction in customs valuation has been approved for cashew shipments transported via land routes. However, actual land freight costs incurred at respective import stations will be factored into the final valuation. This decision aims to provide relief to traders who import cashews through alternative transportation methods.
The revised valuation process was carried out under Sections 25 and 25A of the Customs Act, ensuring that the updated rates reflect accurate transactional values. In cases where declared invoice values exceed the new customs rates, assessments will be made based on the higher values to prevent underreporting and revenue loss.
Pakistan’s customs authorities have emphasized that the updated cashew nut valuation is designed to create transparency and fairness in import taxation. The changes are expected to benefit both traders and government revenue collection by eliminating inconsistencies in duty assessments.
Importers and stakeholders are encouraged to adhere to the revised customs values for cashew imports, as the ruling will remain in effect until further revision or rescindment. Authorities have urged importers to report any discrepancies or anomalies in implementation to ensure compliance with the updated valuation framework.