KARACHI: The Directorate General of Customs Valuation has revised the Customs values of bicycle parts vide Valuation Ruling No.690/2014.
Customs values of bicycle parts were determined in July 2011. Representations were received from a number of parties for revision of valuation. Therefore, exercise to re-determine the customs values of said goods afresh was carried out.
Bicycle components and parts of metal of China origin would be assessed to duty and taxes at $1.15 per KG while bicycle components and parts of rubber of China origin would be assessed to duty and taxes at $0.85 per KG.