Jan 26

DG Customs Valuation powers strengthened

ISLAMABAD: The powers of Director General Customs Valuation have been strengthened through amendments made through Finance (Supplementary) Act, 2022. The powers of Customs Collector to determine customs valuation have been withdrawn through Finance (Supplementary) Act, 2022. Sources in Federal Board of Revenue (FBR) on Tuesday said that through the Finance (Supplementary) Act, 2022 amendment had […]

by Mrs. Anjum Shahnawaz

Feb 25

Pakistan Customs

Pakistan Customs revises valuation ruling for drinking powder

KARACHI: Pakistan Customs has issued Valuation Ruling No. 1516 for determination of duty and taxes at the time of clearance of imported food supplements (drinking powder), sources said on Wednesday. The Directorate of Customs Valuation while issuing the valuation ruling dated February 18, 2021 stated that earlier the customs values of food supplements (drinking powder) […]

by Mrs. Anjum Shahnawaz

FBR issues fresh customs valuation for mobile phones

Feb 24

Pakistan Customs

FBR issues fresh customs valuation for mobile phones

KARACHI: Federal Board of Revenue (FBR) has issued fresh customs values of mobile phone devices for the determination of duty and tax, sources said on Tuesday. The Directorate General of Customs Valuation has issued valuation advice dated February 18, 2021, in respect of mobile phone devices to determine assessable customs values of mobile phone devices. […]

by Mrs. Anjum Shahnawaz

Customs values increased for imported imitation jewellery

Feb 5

Pakistan Customs

Customs values increased for imported imitation jewellery

KARACHI: Customs values of imported artificial / imitation jewellery have been increased for determination of duty and taxes at the time of customs clearance. The Directorate General of Customs Valuation has issued Valuation Ruling No. 1509/2021 dated January 27, 2021. The directorate said that earlier the customs values of artificial jewellery were determined under Section […]

by Mrs. Anjum Shahnawaz

Clearance of mobile phones: Customs valuation of 234 brands, models issued

Apr 23

IT & Telecom, Pakistan Customs, Taxation

Clearance of mobile phones: Customs valuation of 234 brands, models issued

KARACHI: Pakistan Customs has issued valuation of 234 different brands and models of mobile phones for the purpose of determination of duty and taxes at clearance stage. The Directorate General of Customs Valuation issued valuation advice in order to make it easy for the clearance of mobile phones of different brands and models. The directorate […]

by Faisal Shahnawaz