Customs values of High Impact Polystyrene Sheets revised

KARACHI: Director Customs Valuation Karachi Iqbal Muneeb has revised the customs values of High Impact Polystyrene Sheets (HIPS) vide Valuation Ruling No. 1303/2018.

The customs values of High Impact Polystyrene Sheets (HIPS) were earlier determined vide Valuation Ruling No. 327/2011. As the existing ruling was very old and required to be revised in lice with the prevailing prices in the international market, an exercise was initiated to determine the values of the goods afresh.

HIP Sheets under PCT 3920.3000 of China and Taiwan will be assessed to duty and taxes at $2.4/kg. HIP Sheets under PCT 3920.3000 of all other origins will be assessed to duty and taxes at $2.9/kg.

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