DG Valuation revises Customs values of auto parts

KARACHI: the Directorate General of Customs Valuation has issued amendment to Valuation Ruling No.661/2014 and revised Customs values of certain replacement auto parts.
The Customs values of various replacement auto parts were determined vide Valuation Ruling No.66l/2014 dated 29-03-2014. The representatives of Pakistan Auto Spare Parts Importers & Dealers Association (PASPIDA) pointed out that in the said valuation ruling the Customs values for auto-bulbs and light/lamp/lens determined on per piece basis did not include the values of small auto-bulbs used in indicator lights and side-lamps.
Moreover, the Customs values of lenses also needed to be determined separately. Therefore, the following amendment is made in respect of Valuation Ruling No.66l/2014 dated 29-O3-2014 in terms of Section 25A of the Customs Act, 1969.
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