Customs values of cocoa powder revised

KARACHI: Directorate of Customs Valuation has revised the customs values of natural and alkalized cocoa powder vide Valuation Ruling No.1228/2017.

Earlier the customs values of natural and alkalized cocoa powder were determined vide Valuation Ruling No.619/2013. There were several representations from commercial importers as well as from Pakistan Biscuit & Confectionary Manufacturers Association wherein they claimed that value of the subject item needs to be realigned with international values that have considerably gone down over the years.

Hence an exercise was initiated to determine the customs values of natural and alkalized cocoa powder afresh.

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