Customs values for import of instant dry yeast revised

KARACHI: The Directorate General of Customs Valuation has notified through a Valuation Ruling determining the revised custom values of instant dry yeast imported into Pakistan.
Since the earlier customs values of instant dry yeast were determined more than one year ago through Valuation ruling no. 476 dated 17-10-2012, re-determination of customs values of these goods was deemed necessary.
The revised values apply to cases where declared values are less than the customs values determined in this Ruling.
The revised custom values for instant dry yeast under PCT Code 2101.1000, the custom value will be $2.80/KG upto 500 gms x 20 packets per cotton having all origins excluding China, France and Turkey and the proposed PCT for WeBOC is 2102.1000.1040. Custom value for goods originating from China will be $2.45/kg and WeBOC PCT is 2102.1000.1010. For goods from France the value will be Euro 2.14/kg and WeBOC PCT is 2102.1000.1020 and for goods from Turkey the value will be $2.20 and WeBOC PCT is 2102.1000.1030.
The revised custom values for instant dry yeast under PCT Code 2101.1000, the custom value will be $2.50/KG for bulk packaging 5kgs and having all origins excluding China, France and Turkey and the proposed PCT for WeBOC is 2102.1000.1050. Custom value for goods originating from China will be $2.18/kg and WeBOC PCT is 2102.1000.1060. For goods from France the value will be Euro 1.93/kg and WeBOC PCT is 2102.1000.1070 and for goods from Turkey the value will be $1.96 and WeBOC PCT is 2102.1000.1080.
The customs values determined in this Ruling shall continue to be the applicable customs values for the aforementioned goods till the time this Valuation Ruling is rescinded or revised by the competent authority.
Any person aggrieved of the Ruling may file a revision petition within 30 days from the date of this Ruling before the Director General, Directorate General of Customs Valuation.

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