Feb 5

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

Customs valuation enhanced for garments on EDE data variations

Nov 24

Pakistan Customs

Customs valuation enhanced for garments on EDE data variations

KARACHI: Pakistan Customs has enhanced the imported low-end brand garments from China and other destinations after identifying data variations in Electronic Data Exchange (EDE). The directorate general of customs valuation has issued valuation ruling No. 1484/2020 dated November 06, 2020 to enhance the values of import garments for determination duty and tax payment at customs […]

by Mrs. Anjum Shahnawaz

FBR publishes valuation rulings to facilitate trade

Nov 29

Pakistan Customs

FBR publishes valuation rulings to facilitate trade

KARACHI: Federal Board of Revenue (FBR) on Thursday published customs valuations on its official portal to facilitate trade and for ease of doing business. A day earlier FBR Chairman directed the authorities to ensure availability of valuation rulings in order to trade facilitation and ease of doing business. The FBR published following valuation rulings at […]

by Mrs. Anjum Shahnawaz

Yarn merchants reject new customs valuation ruling

Mar 17

Trade & Industry

Yarn merchants reject new customs valuation ruling

KARACHI: Pakistan Yarn Merchants Association (PYMA) has rejected the new valuation ruling for polyester filament yarn and urged the authorities to review the decision. The association challenged the valuation ruling under section 25-D Custom Act – 1969 and requested the relevant department to review the unjust decision. According to a statement issued on Sunday, PYMA, […]

by Faisal Shahnawaz

Mazda Titan Trucks to be assessed for customs values on MSRP

Jan 13

Automotive, Taxation

Mazda Titan Trucks to be assessed for customs values on MSRP

Karachi: Pakistan Customs has issued a statement clarifying the assessment and clearance process for Mazda Titan Trucks. According to the circular issued by the Model Customs Collectorate of Appraisement – West, these trucks will be evaluated and cleared based on values prescribed in accordance with the manufacturer’s suggested retail price or any applicable valuation ruling. […]

by Faisal Shahnawaz