KARACHI: Director Customs Valuation Manzoor Hussain Memon has revised the Customs values of Viscose Suiting Fabrics vide Valuation Ruling No. 776/2015.
The valuation of viscose suiting fabric was determined vide Valuation Ruling No.748/2015. The exercise for revision of the values was initiated in pursuance of FBR’s directives to conduct de-novo exercise of valuation of imported fabric in consultation with stakeholders.
Accordingly, viscose suiting fabrics (plain, printed, dyed and embroided under PCT chapters 54.08 and 55.16 of China origin would be assessed to duty and taxes at $4.85/KG.