KARACHI: Director Of Customs Valuation Iqbal Muneeb has determined the customs values of rear engine intercity buses vide Valuation Ruling No.1230/2017.

A representation was received from M/s Master Motor Corporation Pvt Ltd wherein they requested for determination of customs values of rear engine intercity buses imported from China as the phenomenon of under-invoicing has been prevalent in the import of aforementioned buses. Therefore an exercise was initiated to determine the customs values of the goods.