KARACHI: The Directorate General of Customs Valuation has revised the Customs values of light fitting & fixtures vide valuation ruling No. 638/2014.
According to details, a reference from MCC Appraisement (West), Karachi was received for revision of Customs values. With a view to reflect the current prices prevailing in the international market, an exercise to determine the Customs values of the subject goods afresh was taken up.
Light fighting & fixtures have now been categorized as well as the Customs values have been revised upwards so that the exchequer could not be deprived of its legitimate revenue.
Now, LED Lighting fixtures (with bulbs) under PCT 9405.1090 & 9405.4090 of Chinese origin will be assessed to duty/taxes at $2.0 per KG as against $1.3 per KG earlier.
Street lighting fixtures (without bulbs) under PCT 6405.4090 of China origin would be assessed to duty/taxes at $2.25 per KG as against $1.3 per KG earlier.
The revised customs values of other lighting fixtures (without bulbs) under PCT 9405.1020, 9405.1090 & 9405.4090 of China origin have been increased from $1.3 per KG earlier to $1.70 per KG.