KARACHI: Director Customs Valuation Karachi Iqbal Muneeb has revised the customs values of engine parts (replacement auto parts) vide Valuation Ruling No.1285/2018.

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.