KARACHI: Directorate General of Customs valuation has revised the customs values of printing ink vide valuation ruling No.707 / 2015.According to details, an application was filed by M/s. DIC Pakistan Limited before the Directorate General against the Valuation Ruling No.634/2014. After review proceedings an order was issued with the direction to revise current valuation ruling, an exercise was initiated for redetermination of customs values for different types of printing ink, stakeholders were also invited for their input and feedback.

Printing Ink would be assessed for duty and taxes at the following rates: The customs values of Process Yellow of China origin will be $1.95, Process Magenta / Red of China at $2.37, Process Cyan / Blue of China at $2.35, Process Black of China at $1.89, Deep /D-Yellow of China at $2.16, Lemon /L-Yellow of China at $2.20, Bronze Red of China at $2.56, Deep Red of China at $2.62, Bronze Blue of China at $3.19, Peacock Blue of China at $2.35, Brilliant Blue of China at $3.04, Brilliant Green of China at $3.18, Tint Medium / White of China at $2.16, all other Colours of China at $3.17.

The customs values of Process Yellow of Korea Origin at $2.33, Process Magenta / Red of Korea at $2.48, Process Cyan / Blue of Korea at $2.56, Process Black of Korea at $2.14, Deep /D-Yellow of Korea at $2.60, Lemon /L-Yellow of Korea at $2.69, Bronze Red of Korea at $2.77, Deep Red of Korea at $3.11, Bronze Blue of Korea at $3.82, Peacock Blue of Korea at $2.83, Brilliant Blue of Korea at $3.84, Brilliant Green of Korea at $3.90, Tint Medium / White of Korea at $2.35, all other Colours of Korea at $3.84.

The customs values of Printed Ink for Newspaper Coloured (in bulk packing 25 KG & above) of Europe Origin at $2.61 and Printed Ink for Newspaper Black (in bulk packing 25 KG & above) of Europe at $1.11.