KARACHI: Directorate General of Customs Valuation has determined the values of brake fluid vide Valuation Ruling No. 759/2015.
The Customs values of brake fluid were determined vide Valuation Ruling No. 561/2013. M/s Indus Mobiles an importer of brake fluid filed a petition in Sindh High Court on the grounds that subject ruling was old and does not reflect current international market prices which have considerably gone down.
Sindh high Court directed to re-determine values after hearing the petitioner’s point of view. Consequently exercise for determination of customs values of brake fluid was initiated afresh.
Accordingly, Engine Oil/Gasoline Oil/ Transmission Oil Brake Fluid DOT 3 Toyota (Black) 354ml under 2710.1994 of USA would be assessed to duty and taxes at $8.24 per liter;
Engine Oil/Gasoline Oil/ Transmission Oil Brake Fluid DOT 3 Seiken (B.F-3) 355ml under 2710.1994 of Japan would be assessed to duty and taxes at $2.98 per liter;
Engine Oil/Gasoline Oil/Transmission Oil Brake Fluid DOT 3 SK 355ml under 2710.1994 of South Korea would be assessed to duty and taxes at $2.95 per liter;
Engine Oil/Gasoline Oil/Transmission Oil Brake Fluid DOT 3, PUCHS 250ml under 2710.1994 of Saudi Arabia would be assessed to duty and taxes at $2.90 per liter;
Engine Oil/Gasoline Oil/Transmission Oil Brake Fluid DOT 3, 355m1- Other Brand under 2710.1994 of all origin excluding USA would be assessed to duty and taxes at $2.90 per liter;
Engine Oil/Gasoline Oil/Transmission Oil Brake Fluid DOT 3, 250ml- Other Brand under 2710.1994 of all origin excluding USA would be assessed to duty and taxes at $2.92 per liter;
Engine Oil/Gasoline Oil/Transmission Oil Brake Fluid in Bulk Packing under 2710.1994 of all origin excluding USA would be assessed to duty and taxes at $1.52 per liter.