Customs vales of auto parts revised

KARACHI: Director Customs Valuation Karachi Iqbal Muneeb has revised the customs values of cham shaft, crank shaft, spark plug, lamps light lenses, sealed beams and rubber parts (replacement auto parts) vide Valuation Ruling No.1286/2018.

Earlier, the customs values of engine parts (replacement auto parts) were determined vide Valuation Ruling No.1193/2017. Several representations were received from importers including M/s Allied Trading Company, M/s Universal Auto Engineering, M/s A.B Memon & Sons and others requesting to revise the customs values of the goods taking into consideration the category of light transport vehicle and heavy transport vehicle replacement auto parts.

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