KARACHI: Director Customs Valuation Karachi Iqbal Muneeb has revised the customs values of mineral grease vide Valuation Ruling No.1289/2018.

Earlier, the customs values of mineral grease were determined vide Valuation Ruling No.830/2016. Several representations were received from importers wherein they claimed the value of the subject goods had declined in the international market and requested to determine the values of the goods afresh in line with the prices prevailing in the international market.