KARACHI: The Directorate of Customs Valuation has revised the customs values of old & used auto parts vide Valuation Ruling No.1207/2017.

The customs values of old & used auto parts were earlier determined vide Valuation Ruling No.711/2015. A representation was received from MCC Islamabad for redetermination of values of the goods. Moreover the values were more than two years old, therefore an exercise was initiated to determine the customs values of old & used auto parts.