New customs valuation ruling updates import values for around 70 mobile phone accessories to reflect prevailing international market prices.
ISLAMABAD: Pakistan Customs has revised the customs values of imported mobile phone accessories after more than two years, updating the benchmark values used to calculate import duties and taxes in line with prevailing international market prices.
The Directorate General of Customs Valuation issued Valuation Ruling No. 2015/2026, introducing revised customs values for around 70 categories of mobile phone accessories. The new ruling replaces Valuation Ruling No. 1887/2024, which was issued on May 31, 2024.
Revision based on changing global prices
According to the Directorate General of Customs Valuation, international prices of mobile phone accessories have changed considerably since the previous valuation was issued, making it necessary to reassess customs values.
The Directorate undertook a fresh valuation exercise under Section 25A of the Customs Act, 1969, to ensure that customs assessments accurately reflect current market conditions and maintain consistency in import valuation.
Stakeholders participated in valuation exercise
The Directorate said a valuation meeting was held with importers and other industry stakeholders before finalising the revised values.
Participants were invited to present their views and submit documentary evidence supporting their claims regarding prevailing international prices.
As part of the review, officials analysed import data covering the previous 90 days and examined information provided by stakeholders. Market enquiries were also conducted under Section 25(7) of the Customs Act, 1969, together with the procedures laid down in Office Order No. 17/2014 dated March 19, 2014.
Updated values to determine import duties
The revised valuation ruling prescribes customs values for approximately 70 categories of mobile phone accessories, which will serve as the basis for determining customs duty and applicable taxes on imports.
However, Pakistan Customs clarified that where the declared or invoice value of imported goods exceeds the customs value specified in the ruling, the higher declared value will be accepted for assessment in accordance with Section 25(1) of the Customs Act, 1969.
Air cargo consignments to attract freight adjustment
The ruling further provides that, for consignments imported by air, the difference between air freight and sea freight will be added to the customs value when calculating duties and taxes.
The Directorate also noted that the valuation ruling applies only to the product descriptions and specifications listed in the accompanying valuation table. Any Harmonised System (HS) Codes mentioned are for reference purposes only and should not be treated as legally binding classifications.
Customs collectorates instructed to implement ruling
Pakistan Customs has directed all Collectorates of Customs to implement Valuation Ruling No. 2015/2026 with immediate effect.
Field formations have also been instructed to promptly report any anomalies or implementation issues to the Directorate General of Customs Valuation so that corrective measures can be taken where necessary.
The revised customs values are expected to improve uniformity in import assessments, align customs valuations with prevailing international prices and enhance transparency in the taxation of imported mobile phone accessories.